US EditionSpirit Airlines Is Struggling After Major Airlines Adopted Its Strategies: Report
7 Articles
7 Articles
Spirit Shrinks By More Than Half, May Have Hope of Survival – Cranky Flier
It has been a remarkably busy week in Spirit’s bankruptcy case, and the headline really is that Spirit is making big changes that could, possibly, result in an airline that could find its way out of bankruptcy protection. Until this week, I thought the chances were slim to none, but now Spirit will get rid of more than half of its airplanes. And more changes are happening. The most pressing issue in the short-term was finding some sort of Debtor…
Spirit Airlines Slashes Fleet During Bankruptcy Restructuring
Spirit Airlines is moving to cut its fleet by nearly half, eliminating almost 100 aircraft as part of a broader effort to restructure under Chapter 11 bankruptcy. CFO Fred Cromer confirmed the plans Friday during a virtual meeting with creditors, stating that the airline is seeking court approval to reject 87 additional aircraft leases. “The motion is subject to court approval, and we continue to engage with key stakeholders, including our lesso…
The U.S. low cost Spirit Airlines plans a drastic reduction in its fleet as part of its recovery under the U.S. bankruptcy regime. The low cost aims to separate nearly 100 aircraft and revise its network downwards. This plan, presented to the creditors, marks a break in the company's history, which undergoes its second bankruptcy procedure in less than a year. In the face of persistent losses and a demand for dungeon, Spirit Airlines therefore c…
Spirit Airlines Is Giving Back Half Its Fleet—Prepares To Go To War With Delta And United
Spirit Airlines has revealed its post-bankrutpy strategy to return to profitability, without actually writing it down or telling investors. They’re telegraphing exactly how they intend to compete in the future by laying out which planes they’re looking to give up as part of the bankruptcy process…
Spirit Airlines Cutting Fleet In Half: Can It Shrink Its Way Into Profitability?
It’s a tough time for Spirit Airlines. Several weeks ago, the airline filed for Chapter 11 bankruptcy for the second time in a matter of months, in a move that should’ve surprised no one (well, except the company’s management, seemingly). While Spirit kind of squandered its first Chapter 11 bankruptcy (by not actually making any structural changes), the airline is making serious changes this time around. Recently, we learned how the airline plan…
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