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That came after Spirit's October announcement that it planned to furlough hundreds of pilots and raise just over $500 million by selling about 10% of its planes.
Spirit Airlines did not immediately respond to ABC News’ request for comment. Spirit Airlines brought in roughly $1.3 billion in revenue over a recent three-month stretch, which marked a 10% ...
With Wednesday’s drop the stock is down 89% year-to-date. The airline also reported operating losses of $360 million in the first six months of this year, nearly four times the losses reported ...
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 operates scheduled flights throughout the United States, the Caribbean, and Latin America. Spirit was the seventh largest passenger carrier in North America as of 2023, as well as the largest ultra-low-cost carrier in North America. Spirit filed for Chapter 11 bankruptcy in November 2024.
Travelers with plans to fly Spirit Airlines over the holidays shouldn’t worry, but the airline’s bankruptcy could affect frequent flyers and routes down the line. Spirit’s bankruptcy won’t ...
Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday.. The filing comes ...
Today's near-20% jump is being driven by another round of news that the struggling airline may yet find a way to sidestep a potential bankruptcy. ... the airline's balance sheet is bogged down by ...