Budget Carrier Spirit Airlines Files for Bankruptcy

The country’s largest budget carrier will cut its year-end schedule by 20 percent as it struggles to return to profitability.

Business - Inc. - 4 hours ago

Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

Business - The New York Times - 1 hour ago

Spirit Airlines files for bankruptcy

Spirit Airlines has filed for bankruptcy protection following its failed merger with JetBlue, an engine recall that forced dozens of its jets to be grounded and weaker than expected sales. Spirit ...

Spirit Airlines files for Chapter 11 bankruptcy protection

A federal judge had blocked the budget airline's proposed merger with JetBlue.

Flights not impacted after Spirit Airlines files for bankruptcy

Failed sales and mergers and an engine recall that forced dozens of jets to be grounded have pushed Spirit Airlines to file for bankruptcy. CBS News senior transportation correspondent Kris Van ...

What Spirit Airlines' bankruptcy filing means for travelers

Spirit Airlines has filed for Chapter 11 bankruptcy protection in the wake of growing debt and a failed merger with JetBlue.

Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses

The airline hasn't posted an annual profit since 2019 and lost more than $335 million in the first half of the year.

Business - CNBC - 6 hours ago

Spirit Airlines files for bankruptcy following mounting debt and a failed merger

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.

Spirit Airlines files for bankruptcy amid mounting financial losses

Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process. Spirit Airlines said Monday that it has filed for bankruptcy protection and will ...

World - The Guardian - 9 hours ago

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Business - CNBC - October 25

Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through

Spirit Airlines filed for voluntary, prearranged chapter 11 bankruptcy early Monday after reaching an agreement with its bondholders, capping a tumultuous period for the low-cost airline in which ...

Business - MarketWatch - 3 hours ago

What the Spirit Airlines Bankruptcy Could Mean for Travelers

Flights will still take off and travelers can keep booking tickets, the low-cost carrier said, as the company enters Chapter 11 bankruptcy.

Business - The New York Times - 1 hour ago

Will Spirit Airlines bankruptcy disrupt holiday travel?

The Spirit Airlines bankruptcy news may not affect holiday travel but could limit some service options in the future due to cost-cutting measures. CBS News MoneyWatch correspondent Kelly O'Grady ...

Spirit Airlines mulls bankruptcy, sending its stock price into nosedive

Spirit Airlines, weighed down by mounting debt, is considering filing for bankruptcy protection.

What travelers need to know about Spirit Airlines' bankruptcy

Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago.

Business - CNBC - 8 hours ago

Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors

Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that ...

Business - MarketWatch - 5 days ago

TGI Fridays Nears Bankruptcy Filing

The casual-dining stalwart has dealt with slowing sales. A deal to purchase the company fell through earlier this year.

Business - The Wall Street Journal - October 31

How will filing for bankruptcy impact my credit score?

Bankruptcy can help you wipe the financial slate clean — but it can also do some serious damage to your credit.

TGI Fridays Files for Chapter 11 Bankruptcy

The company filed for Chapter 11 bankruptcy protection on Saturday but said its restaurants would remain open while it works on a “restructuring process.”

Business - The New York Times - November 2

The little airline that could — Lebanon's national carrier braves Israeli airstrikes

Since Israel began bombarding Beirut’s southern suburbs in its war against Hezbollah militants, Lebanon’s national air carrier has become a local icon simply by continuing to do its job

World - ABC News - October 22

‘The most badass airline on the planet’: Lebanon’s carrier flies through war

Middle East Airlines is only operator serving the country in midst of Israeli bombardment and fighting with Hizbollah

World - Financial Times - 5 days ago

Frontier, Spirit Airlines Revive Merger Talks

The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.

Business - The Wall Street Journal - October 23

Spirit Airlines Plane Shot at in Haiti and Forced to Divert

A day after the prime minister of Haiti was fired, the airport in Port-au-Prince was closed because of the attack on the aircraft. A JetBlue plane was also struck.

World - The New York Times - 6 days ago

Spirit Airlines and JetBlue planes struck by gunfire in Haiti

Flights into and out of Port-au-Prince, Haiti, were suspended after a Spirit Airlines plane was struck by gunfire while attempting to land there.

Fitch Downgrades Spirit Airlines’ Credit Rating

Spirit Airlines is working on alternatives to improve its liquidity.

Business - Inc. - 2 days ago

TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges

TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.

TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles

Dallas-based TGI Fridays filed for Chapter 11.

Business - Inc. - November 3

Frontier reportedly considering renewed merger talks with Spirit Airlines

More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.

Business - MarketWatch - October 23

Spirit Airlines announces layoffs, jet sales as it tries to stay afloat

Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways ...

Business - MarketWatch - October 25

Spirit Airlines furloughs more pilots as part of efforts to cut costs

Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...

Business - MarketWatch - October 31

Ben Baldanza, 62, Dies; Brought No-Frills Flying to Spirit Airlines

He introduced ticket prices that couldn’t be beat, but asked fliers to pay extra for nearly everything, including water, carry-ons and printed tickets.

Business - The New York Times - November 10

Airlines halt flights to Haiti after plane hit by gunfire

Spirit Airlines flight heading from Florida to Port-au-Prince diverted to Dominican Republic after flight attendant was grazed by bullet, amid broader violence in Haiti’s capital. Haiti’s ...

World - The Guardian - 6 days ago

Spirit Airlines flight from Florida hit by gunfire while trying to land in Haiti

A Spirit Airlines flight from Florida was damaged by gunfire en route to Haiti and diverted to the neighboring country of the Dominican Republic, the airline said.

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