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Spirit Airlines Chapter 11 Bankruptcy: Is the Budget Carrier Shutting Down?

  • Spirit Airlines has filed for Chapter 11 bankruptcy, marking the first U.S. Airline to do so since American Airlines over a decade ago.
  • The airline announced it has lost over $2.5 billion since 2020 and faces over $1 billion in debt payments within a year.
  • Spirit confirmed operations will continue normally, with wages, benefits for employees, and payments to vendors unaffected during the bankruptcy process.
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