Search results
Results from the WOW.Com Content Network
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
Spirit has entered into a restructuring agreement with its bondholders in order to reduce the airline's debt and provide it with increased financial flexibility, Spirit said in an open letter to ...
The offer was a significant drop from the $580 million in take-back debt and 26.5% equity that Frontier reportedly offered Spirit in the summer of 2024 before Spirit's bankruptcy announcement.
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...
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 ...
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 officially filed for bankruptcy protection today Monday after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses, failed merger attempts and ...
While Spirit Airlines has filed Chapter 11 bankruptcy, the company assures customers that all tickets already booked will be valid and flights will operate as scheduled.