Spirit Airlines Files for Chapter 11 Bankruptcy: What This Means for Travelers
Spirit Airlines, known for its ultra-low-cost fares, has filed for Chapter 11 bankruptcy today in New York, marking a significant turn for the budget carrier. The filing is part of a strategy to restructure its debt and stabilize operations after years of financial difficulties stemming from the COVID-19 pandemic, rising operational costs, and stiff competition in the airline industry. Why the Filing Happened Spirit has struggled to rebound from pandemic-related losses, reporting a cumulative $2.5 billion deficit since 2020. The […]
