Spirit Airlines Bankruptcy: Impact on Travelers and Future Plans
TL;DR Summary
Spirit Airlines has filed for Chapter 11 bankruptcy protection after its merger attempts with JetBlue and Frontier Airlines failed, leading to significant financial losses. The budget airline, known for its ultra-low-cost travel, has struggled with excess capacity and rising operating costs, resulting in losses in 17 of its last 18 quarters. Despite the setback, Spirit aims to emerge from bankruptcy quickly with the support of its bondholders, hoping to become a more sustainable company.
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- Spirit Airlines files for bankruptcy: How will it affect your travel plans? USA TODAY
- Spirit Airlines files for bankruptcy after failed merger with JetBlue Washington Examiner
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