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

  • Spirit Airlines filed for bankruptcy protection on Monday due to mounting losses and increased competition, leaving it little choice.
  • The airline reported it has lost over $2.5 billion since early 2020 and faces over $1 billion in debt payments.
  • Spirit stated that it will continue to operate normally during the bankruptcy process, and customers can still book and use tickets and loyalty points.
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