United Kingdom
United States
Asia Pacific
Spirit Airlines reportedly set for bankruptcy filing
It looks more likely struggling Spirit Airlines will enter bankruptcy protection.
It comes as a planned deal with Frontier Airlines has broken down.
This saw Spirit’s stock price plunge a massive 60%.
The Wall Street Journal reported Spirit Airlines is now in advanced talks over a bankruptcy filing.
A planned merger with JetBlue and Spirit Airlines worth about $3.8 billion was blocked earlier this year.
Although Spirit was given time to renegotiate debt repayments with bondholders, its best option may be to file for Chapter 11 bankruptcy protections
The WSJ says a filing may happen within a few weeks.
The airline has already cut pilot jobs and agreed to sell off some jets to cut expenses.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Dozens fall ill in P&O Cruises ship outbreak
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel