Tag Archives: Spirit

Spirit Airlines Files Second Bankruptcy in Less Than One Year – Bloomberg.com

Spirit Airlines Files Second Bankruptcy in Less Than One Year  Bloomberg.com Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year  CNBC Spirit Airlines files for second bankruptcy in a year as financial challenges persist  Reuters Spirit Airlines files for bankruptcy protection again  AP News Spirit Airlines bankruptcy filing: What it means for Labor Day flights, loyalty points, and …

Read More »

Exclusive | Spirit Airlines Prepares New Bankruptcy Filing – The Wall Street Journal

Exclusive | Spirit Airlines Prepares New Bankruptcy Filing  The Wall Street Journal Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year  CNBC Spirit Airlines files for bankruptcy — second time in a year as turnaround fails  New York Post Western Pa. airports on alert as Spirit Airlines faces potential closure  Pittsburgh Post-Gazette No-frills pioneer Spirit Airlines seeks second …

Read More »

Spirit Airlines files for Chapter 11 bankruptcy again

Spirit Airlines files for Chapter 11 bankruptcy again

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection …

Read More »

Frontier Airlines goes after Spirit Airlines’ routes

Frontier Airlines goes after Spirit Airlines’ routes

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive …

Read More »

Spirit Airlines Hires Advisors As Second Bankruptcy Looms 5 Months After Exit – View from the Wing

Spirit Airlines Hires Advisors As Second Bankruptcy Looms 5 Months After Exit  View from the Wing Exclusive | Spirit Airlines Engages Advisers to Explore Repeat Restructuring  The Wall Street Journal Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy  CNBC Spirit Downgraded After Borrowing Cash to Reduce Default Risk  Bloomberg.com Spirit Airlines’ battle for survival  Travel Weekly Source link

Read More »

Exclusive | Spirit Airlines Engages Advisers to Explore Repeat Restructuring – The Wall Street Journal

Exclusive | Spirit Airlines Engages Advisers to Explore Repeat Restructuring  The Wall Street Journal Spirit Airlines hires advisers to weigh options after revamp efforts falter, WSJ reports  Yahoo Finance Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy  CNBC Spirit Downgraded After Borrowing Cash to Reduce Default Risk  Bloomberg.com Spirit Aviation Secures $275M to Enhance Liquidity  TipRanks Source link

Read More »

Wait, Spirit Airlines Projected A $252 Million Profit This Year?!

Wait, Spirit Airlines Projected A 2 Million Profit This Year?!

Have I been living under a rock… or has Spirit Airlines management been living under a rock? Maybe I just need to go to business school, or something, because the math ain’t mathing…. Spirit claimed it would turn a profit this year?!? Spirit has had a really rough several years. The airline hasn’t turned a profit since before the pandemic, …

Read More »

Here’s why all flyers should be worried if Spirit Airlines goes away

Here’s why all flyers should be worried if Spirit Airlines goes away

Facebook Tweet Email Link Time could be running out for Spirit Airlines to continue operating, which would be bad news not only for its employees and customers but for all people seeking low-priced flights. For decades, the discount carrier has helped push prices down for domestic flights. Spirit said in a filing last week that there was “substantial doubt” it …

Read More »

Spirit Airlines CEO Downplays Financial Issues, Claims Things Are Fine

Spirit Airlines CEO Downplays Financial Issues, Claims Things Are Fine

Yesterday, I covered how Spirit Airlines issued a dire warning about its financial situation in a regulatory filing, stating that there’s “substantial doubt” about the carrier’s ability to keep operating over the next 12 months. The carrier’s current credit card processor agreement expires at the end of 2025, and more collateral is being required, given the company’s finances. Along those …

Read More »