Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon Spirit Airlines filed for bankruptcy with a plan to hand over control to bondholders after failing to agree on a merger with rivals. Jonathan Randles reports NEW YORK (AP) â Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their travel plans while the process unfolds. The filing followed years of struggles for the Florida-based Spirit Airlines is filing for bankruptcy ahead of the busy holiday travel season. The budget airline has faced multiple setbacks recently, including rising labor costs and a failed merger with The Brief. Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday morning. The airline tried to merge with JetBlue, which was blocked by regulators, and merger talks with Frontier If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn't worry.Video above: Passengers react as Spirit Airlines files for bankruptcySpirit plans to operate business as usual as it begins to work on its $3.1 billion in long-term debt, according to previous regulatory filings."Guests can continue to book and fly without interruption Spirit Airlines said Monday that it's filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and failed attempts to sell Spirit Airlines, the airline of choice for many budget travelers, filed for bankruptcy protection Monday, raising questions about the viability of no-frills airlines in the post-pandemic era, as Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other Spirit's creditors include

holders of about $1 billion in so-called loyalty bonds â 8% notes due 2025 that are backed by claims on elements of the company's frequent-flyer program â and