Spirit isn't going out of business. They have had some cash flow issues, which they unfortunately kind of ignored assuming the merger with JetBlue was going through, but now that it's over they are back to focusing on revenue/cash etc and it's gonna take a while. Part of the big noise about bankruptcy was their payments due for planes 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 Spirit Airlines, the nation's largest discount airline, has filed for bankruptcy protection. The company has had at least two failed merger attempts in recent years as it struggled to rebound from Twice. But - the rate to short is ~5%. That's not too high for a company where the media is talking about bankruptcy. Spirit will definitely file for bankruptcy: $7 billion of debt, $450Million loss the last 12 months, every mile they fly Spirit is losing money. No pathway to become cash flow positive. 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, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders. The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026. The airline said it expects to continue operating normally during the By Danielle Kaye. Nov. 18, 2024. Spirit Airlines filed for bankruptcy protection on Monday after struggling with a series of losses, but travelers should not panic. The low-cost carrier, which has 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 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 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