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Spirit highlighted multiple issues with the merger proposal. It’s lower than terms previously hashed out in August 2024, which included $500 million in debt consideration and 26.5% ownership of ...
Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.
Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other ...
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 ...
The two airlines originally intended to merge in 2022, but JetBlue offered Spirit more money and the deal was scrapped. However, a federal judge blocked Spirit’s merger with JetBlue last year.
Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday morning. In an open letter to customers, the budget airline said people can continue to book tickets and fly as ...
Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report ...
Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future. In a Thursday ...