Spirit Airlines files for bankruptcy protection for second time in a year
by Reuters from on (#6ZNPD)
Low-cost carrier experiences dwindling cash and mounting losses as recovery further hit by Trump tariffs
US no-frills pioneer Spirit Airlines filed for fresh chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.
The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March. Flights, ticket sales, reservations and operations will continue, the airline said on Friday.
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