Spirit Airlines filed for bankruptcy protection while assuring travelers that they can still book flights and that all tickets, credits, and loyalty points remain unaffected.
CEO Ted Christie communicated that Spirit Airlines operates as usual post-bankruptcy, emphasizing travelers can still enjoy the airline's service while the company restructures.
The immediate cause of Spirit's bankruptcy filing is a billion-dollar-plus debt bill due in 2025, which the airline was pressured to address.
Amid restructuring, Spirit plans to cut its schedule by approximately 20% and strategize on slashing nearly $800 million in debt.
Collection
[
|
...
]