Spirit Airlines Ailing From Costs Missed in Quick-Fix Bankruptcy

Spirit Airlines Ailing From Costs Missed in Quick-Fix Bankruptcy

On its first day in bankruptcy court last November, Spirit Airlines had a simple message for its employees, customers and creditors: Nothing would change for “99.9%” of them, as company lawyer Marshall Huebner put it.

Spirit Airlines Says It Might Be Outta Here Next Year - Travel Noire

Following failed mergers and nearly nine months after declaring bankruptcy, Spirit Airlines recently notified its investors that it may not be able to survive the next 12 months. The carrier broke the news in its quarterly earnings report with the Securities and Exchange Commission. The latter is an independent federal oversight and market monitoring agency. Within Spirit Airlines’ report, it noted that it’s still struggling to regain its financ…