Spirit Airlines Files for Bankruptcy Lost 22 Billion in 5 Years

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 - 10 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.

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 ...

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. - 3 hours ago

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.

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 - 8 hours ago

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 - 5 hours ago

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 - 1 hour 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

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 - 6 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

Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist

Plus: An “AI granny” is wasting scammers’ time, a lawsuit goes after spyware-maker NSO Group’s executives, and North Korea–linked hackers take a crack at macOS malware.

Tech - Wired - 2 days ago

22-Year-Old M.L.S. Player Dies 5 Weeks After a Serious Car Crash

Marco Angulo was one of five people in a car that crashed into a metal structure on the motorway.

Sports - The New York Times - 4 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.

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 - November 11

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. ...

Spirit Airlines Files for Bankruptcy Lost 22 Billion in 5 Years

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