#airline-restructuring

[ follow ]
#bankruptcy #budget-airlines #fares-and-routes #spirit-airlines #chapter-11 #route-cuts #debt-and-cash-flow
US news
fromBusiness Insider
5 days ago

Spirit Airlines is back in bankruptcy with its future in 'substantial doubt.' It's already affecting travelers.

Spirit Airlines filed for Chapter 11 twice in a year, cut routes and jobs, risking fewer low-cost flights and higher fares.
Business
fromBusiness Insider
1 month ago

Spirit axed flying to these 15 cities as it navigates a 2nd bankruptcy in less than a year

Spirit Airlines cuts flights to 15 cities amid a second Chapter 11, exiting Hartford and Minneapolis to concentrate on more profitable routes.
fromFortune
2 months ago

Spirit Airlines files for bankruptcy again, and flight attendants union warns to 'prepare for all possible scenarios'

The ultra low-cost airline said it plans to keep flying as usual during the restructuring process, meaning passengers can still book trips and use their tickets, credits and loyalty points. Employees and contractors will also continue to get paid, the company said. CEO Dave Davis said the airline's previous Chapter 11 petition focused on reducing debt and raising capital, and since exiting that process in March,
US news
[ Load more ]