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
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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