Spirit Airlines is reportedly exploring bankruptcy amid challenges in the low-cost carrier model post-pandemic, after failing to turn a profit since 2019.
The federal judge's ruling against JetBlue's acquisition of Spirit left the airline scrambling to restructure its operations and cut routes to stabilize finances.
Spirit represents over 7% of Oakland International Airport's passenger traffic, making its potential bankruptcy a significant concern for the airport.
Historically, while bankruptcy filings are common in the airline industry, they do not always lead to the end of operations, as seen with Delta.
#spirit-airlines #bankruptcy #airline-industry #oakland-international-airport #post-pandemic-economy
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