Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
The last bankruptcy by a major US carrier ended when American Airlines emerged from Chapter 11 protection and simultaneously merged with US Airways in December 2013
By News on the Net -- New York Post—— Bio and Archives--November 18, 2024
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Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
Spirit, the biggest US budget airline, has lost more than $2.5
billion since the start of 2020 and faces looming debt payments totaling
more than $1 billion over the next year. ---More...
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