US EditionSpirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
Spirit Airlines faces a $246 million loss in Q2 2025 and plans to restructure its network and fleet while continuing operations during its second Chapter 11 bankruptcy in under a year.
- Spirit Airlines filed for Chapter 11 bankruptcy for the second time in a year, following its previous bankruptcy proceedings that ended in March.
- The airline warned in early August that it may not survive the year, indicating ongoing financial instability.
- Dave Davis, President and CEO of Spirit Airlines, stated that recent events and market pressures made bankruptcy the best option for long-term success.
- Spirit Airlines will focus on key markets and adjust its fleet and cost structure during the Chapter 11 proceedings.
225 Articles
225 Articles
The second bankruptcy in less than a year of the largest US low-cost airline, Spirit Airlines, whose CEO is Dave Davis, is not just another chapter in the history of a poorly managed company, it also reveals the structural challenges these companies face across the continent.Spirit recognized that he needs to make painful decisions, such as reducing his leased fleet, after his first restructuring was limited to making up debt without attacking b…
Spirit Airlines files for bankruptcy for 2nd time in less than a year
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 pr…
Spirit Airlines files for bankruptcy again, and flight attendants union warns to 'prepare for all possible scenarios'
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 …
Spirit Airlines files for second bankruptcy in a year | Honolulu Star-Advertiser
No-frills pioneer Spirit Airlines filed for bankruptcy protection today for the second time in a year after a previous reorganization failed to put it on firmer financial footing.
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