Spirit Airlines Files for Second Bankruptcy Amid Deepening Financial Crisis
Spirit Airlines Files for Second Bankruptcy Amid Deepening Financial Crisis Spirit Airlines has announced its second filing for Chapter 11 bankruptcy protection in less than a year, signaling persistent financial distress despite an earlier reorganization. The budget carrier, known for its distinctive yellow planes, stated on Friday that it plans to maintain normal flight operations throughout the restructuring process, assuring passengers that existing bookings, credits, and loyalty points remain valid. Employees and contractors are also expected to continue receiving payments….