Spirit Airlines Files for Bankruptcy After Merger Talks Fail
The budget airline said Monday that it has entered a restructuring agreement with its bondholders to deleverage its balance sheet.
Spirit Airlines files for bankruptcy due to rising losses
Spirit Airlines has filed for bankruptcy protection, citing rising losses, heavy debt, and increased competition in the budget travel market.
Spirit Airlines Files for Bankruptcy as Financial Losses Pile up and Debt Payments Loom
Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue
What Does the Spirit Airlines Bankruptcy Filing Mean for Stockholders?
Spirit Airlines entered chapter 11 Monday after reaching a restructuring deal with bondholders. Here's what that means for owners of Spirit shares. What will shareholders receive? They are set to be wiped out.
Spirit Airlines files for bankruptcy protection as financial losses pile up
Spirit Airlines will attempt to reboot as it struggles to recover from the pandemic-caused drop in travel and a failed attempt to sell the airline to JetBlue.
Spirit Airlines files for bankruptcy, enters restructuring agreement following growing losses in recent years
Popular low-fare carrier Spirit Airlines announced Monday it has filed for bankruptcy protection as it faces growing losses, imminent debt payments and a failed merger. The Florida-based airline announced it has entered a restructuring support agreement and voluntarily began a prearranged Chapter 11 bankruptcy process.
Budget travel airline Spirit files for bankruptcy
Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.
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