International
Spirit Airlines Files For Bankruptcy
WORLDWIDE – Spirit Airlines filed for chapter 11 bankruptcy Monday, citing pandemic recovery struggles, stiff competition, and a failed JetBlue merger.
WORLDWIDE – Spirit Airlines filed for chapter 11 bankruptcy Monday, citing pandemic recovery struggles, stiff competition, and a failed JetBlue merger.
Despite $2.5 billion in losses since 2020 and $1 billion in looming debt, the airline said it will continue normal operations, honoring bookings and frequent-flyer points.
Spirit is shifting its no-frills model, but analysts say rivals like Frontier and Southwest stand to gain.
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