Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Spirit Airlines(SAVE) New York Post·2024-11-18 19:08
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.Spirit said it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process a ...