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On Aug. 29, Spirit Airlines announced it will continue operating despite having filed for Chapter 11 bankruptcy protection for a second time

The airline, known for low-cost flights, previously emerged from Chapter 11 bankruptcy in March

According to a news release, Spirit Airlines is downsizing its fleet and reducing its networks amid "comprehensive" restructuring

Spirit Airlines is filing for bankruptcy protection for the second time this year.

On Friday, Aug. 29, the budget airline, known for its bright yellow planes, confirmed it has filed for Chapter 11 bankruptcy protection again in the United States Bankruptcy Court for the Southern District of New York. Spirit Airlines previously emerged from Chapter 11 bankruptcy in March.

The airline is now “executing a compreh

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