fromBusiness Insider
5 days agoSpirit Airlines is back in bankruptcy with its future in 'substantial doubt.' It's already affecting travelers.
Spirit first sought bankruptcy protection in November 2024, following years of mounting financial losses and the collapse of a proposed $3.8 billion merger deal with JetBlue. The budget airline, easily recognizable thanks to its bright yellow planes, reported in its initial voluntary bankruptcy petition that as of September that year, it had $9.49 billion in total assets and $8.99 billion in total debts.
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