Ultra low-cost carrier Spirit Airlines files for bankruptcy

By Yahoo! Finance | Nov 18, 2024 at 12:13 PM EST

Spirit Airlines, a low-cost carrier, filed for bankruptcy protection due to financial struggles including losses, failed merger with JetBlue, and upcoming debt payments. The airline faced challenges since rejecting JetBlue's offer in May 2022, with shareholders voting in favor of JetBlue in October.

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