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"Whether you like them or not, having ultra low-cost carriers is good for our overall aviation ecosystem and good for consumers, even if you never buy them," Kelly said. Spirit will emerge a ...
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.
Working from a place of weakness isn't a good outcome for Spirit or its shareholders. From a cynical point of view, a potential buyer could just wait for bankruptcy to arrive and buy the company's ...
After months of difficulties, Spirit Airlines has filed for Chapter 11 bankruptcy protection. The company hopes the restructuring will help it get back on course financially.
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 ...
What travelers need to know and should expect in the wake of Spirit Airlines' bankruptcy filing.
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 ...
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 ...