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Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
In March 2021, Interjet has officially requested to file for bankruptcy by the end in order to receive investment funds and resources. [49] On 18 November 2020, Norwegian Air Shuttle announced that it would file for examinership in Ireland. [50] On 3 September 2021, Philippine Airlines filed for Chapter 11 bankruptcy protection in a U.S. court ...
That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel-industry experts think Spirit’s troubles indicate that travelers on ...
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 ...
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 ...
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 ...
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 ...