Spirit Airlines files for bankruptcy: What passengers should know [FOX Business Network]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: FOX Business Network
While Spirit Airlines filed for Chapter 11 bankruptcy protection , the carrier stated that passengers would still be able to travel as usual. But industry experts warn that the airlines' financial challenges have already affected operations and will continue to do so. In an open letter to travelers on Monday, the budget airline said it has entered into an agreement with bondholders to reduce its total debt, provide increased financial flexibility and position it "for long-term success." The company expects to complete bankruptcy proceedings in the first three months of 2025. During this process, the budget carrier said it expects to "continue operating its business in the normal course." Here's what the airlines told travelers: In its statement on Monday, Spirit said guests will still be able to book and fly "without interruption." This means travelers will still be able to use all of their tickets, credits and loyalty points, according to the airline. The carrier also said c
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