A Spirit Airlines plane at New York's LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. "We are executing on plans to rightsize our organization to align with our current fleet…
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. How did it get here? The Covid-19 pandemic was devastating to all airlines, but that was just the start of Spirit's…
No-frills carrier Spirit Airlines has filed for Chapter 11 bankruptcy protection, the company has announced. As NBC News reports, Spirit has had a rough few years, characterized by growing debt, quarterly losses, and a failed merger with JetBlue. The bankruptcy filing doesn't mean, however, that the company is going kaput (turns out the Monopoly board…
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 …
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…
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries…