Will Spirit Airline's bankruptcy impact holiday travel out of Nashville? Here's what to know [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
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Source: Yahoo! Finance
Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday with the budget airlines citing continuing rising losses, failed mergers and impending debt maturities. The airline called the bankruptcy filing "prearranged" as part of its restructuring support agreement. This agreement with its bondholders is expected to reduce total debt and provide increased financial flexibility. But many Tennessee fliers won't have to worry about losing their flights or frequent flier miles just yet. Here's what bankruptcy means and how it affects people flying out of Nashville. Most Spirit travelers won't have to worry about cancellations just yet. The carrier expects to continue its flight operations through the bankruptcy proceedings and customers can continue to book and fly without interruption. "In the short term, it will be just smaller," Robert W. Mann Jr., a former airline executive officer and current president of R. W. Mann and Co., an independent airline consultancy, tol
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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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