Nov 19, 2024 · Spirit Airlines, Inc. ("Spirit" or the "Company") today announced that it has received approval from the United States Bankruptcy Court for the Southern District of New York (the "Court") for all of its requested "first day" relief in …

Nov 18, 2024 · Early on Monday, the carrier announced it had filed for a prearranged chapter 11 that included backstopped commitments of $350 million in equity investment and $300 million in...

Nov 18, 2024 · Spirit Airlines announced Monday that it has filed Chapter 11 bankruptcy protection in an attempt to restructure to reduce debt and position the company for long-term success.

Nov 18, 2024 · Spirit Airlines, Inc., today announced that it has entered into a restructuring support agreement (the “RSA”) supported by a supermajority of Spirit’s loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring.

Nov 18, 2024 · Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday.

Nov 18, 2024 · Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday after the budget airline's merger efforts collapsed and its losses spiraled out of control. Why it matters: The company's yellow planes became a symbol of ultra-low-cost travel, but it lost hundreds of millions of dollars struggling to make that strategy work.

Nov 18, 2024 · Facing significant financial headwinds, the Dania Beach, Florida-based airline said it has entered into Chapter 11 bankruptcy proceedings in an effort to "position the company for long-term success." The move comes as Spirit has faced mounting debt, a major engine recall and shifting consumer preferences that have proved troublesome, of late ...

Nov 18, 2024 · Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday morning. In an open letter to customers, the budget airline said people can continue to book tickets and fly...

Jan 29, 2025 · Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle. Menu. ... It said that barring any new developments, it would move forward with its own plans to exit Chapter 11 bankruptcy protection. Shares of Frontier Group rose 6% Wednesday

Nov 18, 2024 · Spirit Airlines (SAVE) announced that it has entered into a restructuring support agreement, or RSA, supported by a supermajority of Spirit’s loyalty and convertible bondholders on the...