Spirit Airlines files for bankruptcy amid mounting financial losses
Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 processSpirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.Spirit, the biggest US budget airline, has lost more than $2.5bn since the start of 2020 and faces looming debt payments totaling more than $1bn over the next year. Continue reading...
Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
Spirit, the biggest US budget airline, has lost more than $2.5bn since the start of 2020 and faces looming debt payments totaling more than $1bn over the next year. Continue reading...
