The budget carrier’s pivot to ultralow fares brought it success but competition, rising costs and a failed merger bid hurt ...

Years of losses and two failed mergers have caused the ultra-low-cost carrier’s stock price to tumble 92% in the past year.

Budget carrier Spirit Airlines announced early Monday that it has filed for Chapter 11 bankruptcy, saying it expects to spend ...

Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt ...

Spirit said it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that ...

The bankruptcy filing on Monday comes as Spirit Airlines had recorded increasingly steep losses post-pandemic.

Here’s what you need to know about the future of the air travel provider after it filed for bankruptcy protection on Monday, ...

The last major US airline to go through Chapter 11 restructuring was American Airlines, which filed for bankruptcy protection ...

Spirit Airlines files for bankruptcy after years of losses and a blocked JetBlue merger. The carrier secures $300M in ...

Budget-friendly Spirit Airlines hasn’t reported an annual profit since 2019, and has lost some $2.2 billion since 2020.

nited Airlines, once the nation’s most powerful air carrier but now drowning in red ink, filed for bankruptcy reorganization Monday – the largest in airline history. The filing under Chapter 11 of the ...