US EditionSpirit Airlines Files For Bankruptcy Again But Vows to Keep Flying
Spirit Airlines aims to restructure after posting a $184 million operating loss in Q2 and planning staff reductions; flights and operations continue without interruption.
- On August 29, 2025, Spirit Airlines initiated its second Chapter 11 bankruptcy restructuring within a year, while maintaining normal flight operations.
- The bankruptcy follows failed merger attempts with JetBlue and Frontier, rising costs, and weak leisure travel that undercut Spirit's financial stability despite prior restructuring efforts.
- Spirit maintains flights, ticket validity, and employee payments, while planning network redesign, fleet resizing, and cost cuts including potential pilot furloughs and asset sales.
- The airline's shares dropped 44% in extended trading and are expected to be delisted soon, while CEO Dave Davis noted 'much more work to be done and many more tools' to position Spirit for the future.
- Spirit's bankruptcy may lead to reduced routes and higher fares, benefiting competitors like Frontier which is expanding, while regional economies relying on Spirit face uncertainty over future air service.
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The low-cost airline appealed to Chapter 11 and stressed that it will seek to reduce its debt while raising more capital
Miramar-based Spirit Airlines files for bankruptcy again but vows to keep flying
Budget carrier Spirit Airlines said Friday that it has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The ultra low-cost airline said it plans to keep flying as usual during the restructuring process, meaning passengers can still book trips and use their tickets, credits and loyalty points. Employees and contractors will also continue to get paid, the company said. CEO Dave Davis said the airline’s …
Coverage Details
Total News Sources15
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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