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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.
NEW YORK (AP) — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their ...
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 ...
Spirit Airlines has nearly 13,000 employees and 8,000 independent contractors and temporary workers, according to a court filing. The most recent job cuts are all to non-union workers, the airline ...
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 ...