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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.
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 ...
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.
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 ...
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts. Spirit's bankruptcy filing will likely mean higher airfares across airlines ...
Spirit Airlines brought in roughly $1.3 billion in revenue over a recent three-month stretch, which marked a 10% decline compared to the same period a year ago, according to an earnings release in ...
Spirit expects to continue operating its business as normal through the Chapter 11 bankruptcy process, wrote spokesperson Tommy Fletcher in an email to the Milwaukee Journal Sentinel.
Spirit Airlines officially filed for bankruptcy protection today Monday after the pioneer of no-frills travel in the U.S. struggled with a long ... Spirit Airlines filed for bankruptcy today ...