How Spirit Airlines' Bankruptcy Filing Will Affect Holiday Flights [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
The nation's largest budget carrier sought bankruptcy protection to reboot its business after a string of quarterly losses and mounting debt, stiffer competition from bigger bare-bones carriers, rising labor costs, and a failed attempt to sell the airline to JetBlue. The announcement came the same day AAA released its Thanksgiving travel forecast that calls for record travel this coming Thanksgiving holiday period, including about 5.73 million Americans who plan to fly to their destinations. Spirit customers can continue to book flights and use and accumulate loyalty miles as they normally would and employees and vendors will continue to be paid, the airline said in a statement In addition to 47 domestic destinations, Spirit Airlines also flies to and from destinations in Central and South America, and the Caribbean: Spirit 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
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- Analysis-Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy [Yahoo! Finance Canada]Yahoo! Finance Canada
- What does the Spirit Airlines bankruptcy mean for airfares? Experts weigh in. [Yahoo! Finance]Yahoo! Finance
- Spirit's bankruptcy won't impact holiday travelers, experts say. But frequent flyers and routes could be impacted next year [Yahoo! Finance]Yahoo! Finance
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