November 19, 20240 Comments

Spirit Air files for bankruptcy following failed JetBlue deal

Article content Spirit Airlines Inc. has filed for bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp. The airline filed for Chapter 11 in New York listing assets and liabilities of between US$1 billion and US$10 billion, according to a court document. Spirit has been in negotiations with its creditors since a federal judge blocked that US$3.8 billion

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November 18, 20240 Comments

What travelers need to know about Spirit Airlines’ bankruptcy

A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago. The budget travel icon is not shutting down, however. The filing will buy Spirit time and protection

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November 18, 20240 Comments

No-frills US carrier Spirit Airlines files for bankruptcy protection

US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025. During that time, Spirit’s operations will continue as normal and passengers will be unaffected, it said.

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November 18, 20240 Comments

Spirit Airlines files for bankruptcy protection after mounting losses

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The carrier early Monday said it reached a prearranged deal with its bondholders

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November 18, 20240 Comments

Spirit Airlines files for bankruptcy protection By Reuters

(Reuters) -Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on Monday. The airline’s woes deepened after the collapse of its $3.8 billion planned merger with JetBlue Airways (NASDAQ:) in January and the impact of RTX’s Pratt & Whitney Geared Turbofan (GTF) engines snag that has grounded many of its

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November 15, 20240 Comments

Diamond Sports reaches key milestone toward exiting bankruptcy

Jose Siri, #26 of Major League Baseball’s Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d’Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on Oct. 29, 2021. Daniel Shirey | Major League Baseball | Getty Images Diamond Sports moved closer to exiting bankruptcy on Thursday after

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