Source: Axios
“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. 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. Spirit plunged into bankruptcy after a $3.8 billion deal to sell itself to JetBlue was blocked by a federal judge and after previous efforts to combine with rival Frontier Airlines fell apart.” (11/18/24)
https://www.axios.com/2024/11/18/spirit-airlines-chapter-11-bankruptcy