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Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. carrier to do so in over a decade. The airline aims to restructure and continue operations, having reached a deal with bondholders to exit bankruptcy by early 2025. While travelers can still book flights and use loyalty points, they should be aware of potential schedule changes and refund challenges during this period.
Spirit Airlines has filed for bankruptcy protection after years of losses, a failed merger, and rising costs. The airline has secured $300 million in financing and plans to continue operations, allowing customers to book flights and use tickets as normal. Despite challenges, including a significant drop in share value and the need to furlough pilots, Spirit aims to exit bankruptcy by early next year.
Ted Christie
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spirit airlines files for chapter 11 bankruptcy protection to restructure operations
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11:59 18.11.2024
spirit airlines files for bankruptcy protection amid financial struggles and losses
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