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

  • Spirit Airlines has filed for bankruptcy protection amid losses exceeding $2.5 billion since 2020 and upcoming debt payments over $1 billion in the next year.
  • The airline expects to continue normal operations while working through the Chapter 11 bankruptcy process and assures customers that booking and flying will not be interrupted.
  • Spirit intends to emerge from bankruptcy with reduced debt and increased financial flexibility to enhance travel experiences and provide greater value for guests.
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