Spirit Airlines announced it filed for Chapter 11 bankruptcy on August 29.

What they're saying:

The discount airline said it was filing "in order to execute a comprehensive restructuring of the airline and position the business for long-term success."

Spirit’s struggles

Dig deeper:

Spirit’s second filing comes after two failed mergers in less than two years. The most recent merger attempt was with Frontier Airlines and then with JetBlue.

In October 2024, the airline announced it planned to sell off multiple aircraft and lay off workers as it attempted to revive operations and raise revenue.

The backstory:

The company started out as a long-haul trucking company in 1964 before shifting to aviation around 1983. It offered leisure packages to popular destinations under the name

See Full Page