US Spirit Airlines files for bankruptcy again / Photo: JUSTIN SULLIVAN - GETTY IMAGES NORTH AMERICA/AFP/File
-
Machado ready to meet Venezuela leader after shock return
-
South Africa select 'enforcer' Coetzee for Australia decider
-
Lula celebrates election win as Brazil markets tumble
-
Botanists comb Gabon's rich rainforests with nature on the line
-
France's Macron accuses social media of sowing discord ahead of election
-
New levy on non-EU parcels kicks in Sunday
-
Anthropic unveils IPO filing showing soaring sales and AI risks
-
Stocks climb ahead of tech earnings, central bank calls
-
US singer Chris Brown avoids jail over London nightclub brawl
-
Part of London's Oxford Street pedestrianised 'forever'
-
US singer Chris Brown avoids jail over UK nightclub brawl
-
Canadian youth seek climate action in landmark trial
-
Man Utd crisis deepens as Carrick faces axe
-
Trump blasts Norway over Nobel Peace Prize snub
-
Serbian student movement eyes power after resounding snap poll victory
-
Japan PM vows swift response to wave of cyberattacks
-
Eala breezes past world number 411 in Tokyo opener
-
Stocks mostly rise before tech earnings, central bank calls
-
Swedish Centre Party leader says government coalition talks failed
-
France's Macron to visit Marseille after protest violence
-
Barca's big-game defeats pose familiar questions
-
German union slams Audi boss's appearance at Trump rally
-
Russia says open to mini Ukraine ceasefires, but no let up in war
-
UK set for 'limited' budget giveaways as borrowing costs surge
-
Bangladesh measles crisis 'warning sign' of other outbreaks: report
-
Anthropic's AI model accessed US voter data: Axios
-
'Historic victory': World leaders celebrate Lula's re-election
-
Malaysia's Johor reopens schools as haze eases
-
Stock markets mixed ahead of tech earnings, central bank decisions
-
Carragher says Fernandes benching was intended as public punishment
-
Mother renews anti-bullying appeal a decade after son’s death
-
Canada-EU summit seeks deepened alliance as US ties fray
-
'Historic victory': Leftist leaders in the Americas celebrate Lula's re-election
-
Senegal to host Youth Games, Africa's first ever Olympics
-
African players in Europe: Jackson brace ends City's perfect record
-
ITV drama Adultery examines temptation, class and family consequences
-
Argentine police arrest stepfather after pregnant 10-year-old reaches hospital
-
New levy on non-EU parcels kicks in November 1
-
Mother dies after rescuing sons from riptide in the Bahamas
-
Saudi coalition says struck Houthi missile facilities after Riyadh airport attack
-
James Blunt reportedly sought extra underwear during Celebrity Traitors filming
-
Manchester United stand-in captain calls for change after Bournemouth loss
-
Trump says Canada trade deal coming 'soon'
-
Body recovered after ferry passenger reported overboard
-
Police urge home-security checks as darker evenings return
-
Dance in the Dark brings an immersive family adventure to Birmingham MAC
-
Kane primed to pip Yamal, Mbappe to Ballon d'Or glory
-
China's Communist Party elite hold key talks on governance
-
UK households advised to prepare for three days without essential services
-
Redditch Santa fun run to return to Arrow Valley Park
US Spirit Airlines files for bankruptcy again
Budget US carrier Spirit Airlines said Friday that it will file for bankruptcy for the second time in a year, but will continue to fly, sell tickets and operate.
Spirit first filed for bankruptcy in November and announced in March that it had completed a restructuring deal with creditors to trim its debt by nearly $800 million.
With the new filing, the Florida-based company said it "expects to double down on its efforts to" redesign its network, "rightsize its fleet," and pursue further cost efficiencies.
"The Chapter 11 process will provide Spirit the tools, time and flexibility to continue ongoing discussions with all of its lessors, financial creditors and other parties to implement a financial and operational transformation of the Company," Spirit said in a statement.
In April, former CEO Ted Christie was replaced by Dave Davis, who joined Spirit from Sun Country Airlines.
"As we move forward, guests can continue to rely on Spirit to provide high-value travel options and connect them with the people and places that matter most," said Dave Davis, Spirit's president and CEO.
Discount airline Spirit boosted its capacity and market share in the post-Covid aviation market, but has faced increased competition from other carriers.
In 2022, competitor Frontier Airlines attempted a $2.9 billion merger with Spirit. Another rival, JetBlue, then made a potentially more lucrative offer, but the deal fell through after authorities cited antitrust concerns.
Th.Gonzalez--AT