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 - 5 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.

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 - 1 hour ago

Spirit Airlines Files for Bankruptcy

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 - 7 hours 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.

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.

Top stories - The New York Times - 1 hour ago

TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles

Dallas-based TGI Fridays filed for Chapter 11.

Business - Inc. - November 3

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

Spirit Airlines Inc. filed for a voluntary, pre-arranged Chapter 11 bankruptcy early Monday, capping a tumultuous period for the low-cost airline in which efforts to merge with two rivals fell ...

Business - MarketWatch - 1 hour ago

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 - 3 hours ago

Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence

The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.

Business - Inc. - October 28

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

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. - Yesterday

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.

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.

Spirit Airlines flight hit by gunfire in Port-au-Prince

A Spirit Airlines flight was hit by gunfire in Port-au-Prince, Haiti. The flight was headed to Fort Lauderdale, Fla., and was diverted when it was hit. The airline said Flight 951 landed safely in ...

Politics - The Hill - 6 days ago

Spirit Airlines flight attendant injured after plane to Haiti struck by gunfire

A Spirit Airlines flight to Haiti was hit by gunfire on Monday, injuring a flight attendant, as the State Department warned of "gang-led efforts" to stop travel to the country.

Flights to Haiti Canceled After Spirit Airlines, JetBlue Planes Hit by Suspected Gunfire

The main airport in Port-au-Prince is temporarily closed to air traffic. The country is embroiled in political unrest.

World - The Wall Street Journal - 6 days ago

Spirit Airlines flight attendant hurt after plane struck by gunfire

A Spirit Airlines flight from Ft. Lauderdale, Florida, was hit by gunfire as it was landing in Port-au-Prince, Haiti. One flight attendant was hurt and the flight diverted to the Dominican Republic.

Spirit Airlines flight hit with gunfire trying to land in Haiti

A Spirit Airlines flight diverted to the Dominican Republic after it was hit by gunfire while trying to land in Haiti. One flight attendant was injured by flying debris, according to their union. ...

Reeves wraps up ‘grim’ spending talks amid council bankruptcy fears

Local government expected to suffer further squeeze in chancellor’s first Budget

Business - Financial Times - October 23

Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms

Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks.