What does Spirit Airlines' bankruptcy mean for you? [CBS News]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: CBS News
no-frills airlines in the post-pandemic era, as consumer preferences shift toward more premium offerings. Customers with plans to fly on the airline over Thanksgiving and beyond are also concerned about what the filing means for their upcoming trips, as well as airfares generally. Spirit has entered into a restructuring agreement with its bondholders in order to reduce the airline's debt and provide it with increased financial flexibility, Spirit said in an open letter to customers Monday. The longterm aim, Spirit said, is to provide its guests "with enhanced travel experiences and greater value." The airline, known for its bargain fares, said it expects to emerge from bankruptcy in the first quarter of 2025, "even better positioned to deliver the best value in the sky." Industry experts attribute Spirit's financial woes in part to changing consumer preferences as they demand more amenities while flying. "We can clearly see that consumer preferences have changed in favor of
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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
- How Spirit Airlines' Bankruptcy Filing Will Affect Holiday Flights [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
- More from CNN [CNN]CNN
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