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Spirit Airlines (NYSE: SAVE) looked like it was destined to be merged away after it agreed to be acquired by JetBlue (NASDAQ: JBLU). Now that the deal has been called off, Spirit Airlines is ...
Spirit Airlines, the airline of choice for many budget travelers, filed for bankruptcy protection Monday, raising questions about the viability of no-frills airlines in the post-pandemic era, as ...
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...
The filing followed years of struggles for the Florida-based airline, which is known for its no-frills, low-cost flights. The airline has lost more than $2.5 billion since the beginning of 2020 ...
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday. The company told customers they could continue to fly with the airline. Spirit's letter to customers explains the process.
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