Spirit Airlines Files for Bankruptcy: End of an Era or a Necessary Restructuring?
Spirit Airlines filed for Chapter 11 bankruptcy protection due to mounting losses, high debt, and failed merger attempts. The airline will continue operations while restructuring its debt, with creditors providing an additional $300 million in funding. While a sale or liquidation remains possible, Spirit aims to emerge from bankruptcy early next year with reduced debt and enhanced financial flexibility. This restructuring could impact industry fares, as Spirit’s low-cost model influenced competitors.
John Q. Hosedrinker