Search results
Results from the WOW.Com Content Network
With this tool, airline managers reduce costs. Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy ...
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 has filed for Chapter 11 bankruptcy protection, it said Monday. ... it planned to furlough hundreds of pilots and raise just over $500 million by selling about 10% of its planes ...
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 ...
Generally, airline loyalty points or miles are not transferrable, but frequent flyer programs are valuable assets that often survive bankruptcies, said Robert W. Mann Jr., a former airline ...
Spirit Airlines filed for bankruptcy protection Monday morning as holiday travel season approaches. Thanksgiving weekend is expected to see nearly 80 million travelers , with almost 6 million ...
The company's share price fell from $3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday.
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.