Spirit Airlines has entered into a prearranged Chapter 11 bankruptcy protection, ensuring travelers can still book and fly while pursuing financial restructuring.
Despite filing for bankruptcy, Spirit reassures customers that tickets, credits, and loyalty points remain usable, maintaining all current benefits of their travel programs.
This restructuring aims to reduce debt and enhance the travel experience for guests, positioning Spirit for long-term success following challenges from the pandemic.
Spirit's merger with JetBlue was blocked earlier this year, prompting the need for financial restructuring to adjust operations and improve profitability.
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