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Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring
Spirit Airlines will cut flights by nearly 40% this summer and reduce debt from $7.4 billion to $2.1 billion to emerge leaner from Chapter 11 bankruptcy.
- Unveiling in U.S. Bankruptcy Court on Tuesday, Spirit Airlines plans to shed Airbus aircraft and exit Chapter 11 in late spring or early summer, filings show.
- Facing mounting operational setbacks, Spirit faced a Pratt & Whitney engine recall and a federal judge‑blocked JetBlue deal, amid post-Covid cost pressures, according to filings.
- Under the proposal, Spirit would cut annualized fleet costs by $550 million and target another $300 million in non-fleet savings, using a smaller fleet of older Airbus planes.
- Pilots and flight attendants have faced furloughs as the network reduction continues, though some cabin crew returned ahead of spring break; a smaller Spirit will compete against larger U.S. carriers amid rising industry costs.
- Entering a second bankruptcy in under a year, Spirit lost nearly $257 million from March 13 through June, and court filings describe the plan as challenging.
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88 Articles
Spirit Airlines Reaches New Deal, Expects to Emerge From Bankruptcy as Early as Spring
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Traveler slams 'awful' experience of canceled flights as budget airline announces creditor agreement
Passengers of Spirit Airlines, which has filed for Chapter 11 bankruptcy twice, have faced cancellations, delays and headaches this month as the budget airline has struggled to retain crews and flight attendants. The company axed more than 250 flights, creating havoc for South Florida residents, USA Today and other outlets reported. The cancellations were unrelated to recent snowstorms. "Spirit Airlines has been suffering crew shortages for mont…
Spirit Airlines reaches deal to exit bankruptcy proceedings by early summer
Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer.The low-cost carrier filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. Spirit first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.The airline will still face challenges under the deal, th…
Spirit Airlines, which was in danger of closing due to constant losses and two bankruptcy filings, has reached an agreement that will allow it to survive, albeit as a smaller company.
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