NEW YORK, Nov 19 –– Spirit Airlines, known for its ultra-low-cost model, has filed for Chapter 11 bankruptcy protection as it seeks to address escalating financial challenges,...
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The move highlights persistent challenges in the aviation sector, where economic uncertainties, rising costs, and industry shifts have placed immense strain on smaller carriers. Ted Christie, CEO of Spirit Airlines, tried to reassure customers that they can still book, fly and use loyalty points on the carrier. “The most important thing to know is that you can continue to book and fly now and in the future,” Christie said in a letter to customers on Monday.
The company’s financial troubles deepened following the collapse of a proposed merger with JetBlue Airways earlier this year. The deal, which faced legal and regulatory hurdles, could have fortified Spirit’s position in the competitive low-cost market but was ultimately abandoned.
Aviation Industry Chapter 11 Bankruptcy
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