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

  • Spirit Airlines filed for Chapter 11 bankruptcy protection due to significant financial struggles including mounting losses and debt maturities, as announced on Monday.
  • The airline assures customers that there should be no disruption to their travel plans during the bankruptcy process.
  • Spirit aims to restructure and emerge early next year with reduced debt, increased financial flexibility, and better travel value for guests.
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