By DAVID KOENIG 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 U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. Spirit said it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that customers can continue to book and fly without interruption.
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Associated Press, South Florida Sun-Sentinel
Mon, 11/18/2024 - 3:44am
Topics: david koenig miramar florida the wall street journal ceo ted christie august people spirit s the association flight attendants deutsche bank raymond james pratt whitney airbus justice department january u.s panam twa northwest continental united delta american us airways december spirit airlines jetblue u.s chapter shares the it s frontier bankruptcy loom debt payments fares year customers market monday billion travel period flying bondholders loyalty paying union analysts biggest protection attempt sell failed tickets forcing labor costs aircraft dropped mile priority told deal months
BING NEWS:
- US Budget Carrier Spirit Airlines Files For Bankruptcy
US low-cost carrier Spirit Airlines grappling with financial woes on Monday announced it had filed for bankruptcy as part of a restructuring agreement with its creditors.
11/18/2024 - 12:49 am | View Link - What Spirit's Chapter 11 bankruptcy filing means for Atlanta travelers
Spirit Airlines has filed for Chapter 11 bankruptcy protection to restructure. Here's what it means for travelers in Atlanta.
11/18/2024 - 12:31 am | View Link - Alert: Spirit Airlines files for bankruptcy protection as financial losses pile up and debt payments loom
NEW YORK (AP) — Spirit Airlines files for bankruptcy protection as financial losses pile up and debt payments loom.
11/18/2024 - 12:30 am | View Link - Spirit Airlines Files for Bankruptcy Amid Mounting Losses and Debt
The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion.
11/18/2024 - 12:09 am | View Link - Spirit Airlines files for bankruptcy as financial losses pile up at US's biggest budget carrier
Spirit Airline announced that it's fallen into financial trouble and is filing for Chapter 11 bankruptcy protection ... more than $2.5 billion (£2bn) in losses since the beginning of 2020 and is now ...
11/17/2024 - 10:23 pm | View Link - More
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