Articles tagged “spirit airlines”

As millions are set to travel for Thanksgiving this week, the senate subcommittee on investigations released a report that outlined how much revenue airlines have collected from seating and baggage fees.

As expected, Spirit Airlines—America’s seventh largest airline by revenues—filed for Chapter 11 bankruptcy last week. The move follows four-plus years of heavy losses, leading to unsustainably large debt obligations.

The beleaguered ultra-low-cost carrier filed for bankruptcy this week. Here is what executives are proposing for the airline post-bankruptcy.

Spirit made headlines Monday morning when it announced it was filing for a Chapter 11 bankruptcy — here’s what you need to know.

The bankruptcy filing comes as the carrier recorded increasingly steep losses post-pandemic.

The Journal reported that Spirit is looking to bankruptcy after talks with Frontier about reviving a merger broke down.

Ben Baldanza, who pioneered the modern ultra-low-cost business model in the U.S. and turned Spirit into one of the most profitable airlines, has died following a battle with ALS.

After the Justice Department said it would launch an inquiry into the state of airline competition, the airline and travel industries criticized the move as politically motivated.

Spirit Airlines is looking for more ways to boost its balance sheet. The aircraft sale would considerably decrease Spirit’s capacity for 2025.

Ever since JetBlue-Spirit was blocked, Frontier has declined to comment on whether it would ever consider merging again. But the deal makes a lot of sense.