Spirit Aviation Holdings Inc. (FLYY)
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Spirit Airlines touts 'massive progress' in bankruptcy
Spirit has an agreement with noteholders for up to $475 million in debtor-in-possession financing, the airline's restructuring lawyer said in a court hearing. The airline has also reached an agreement for $150 million from aircraft lessor AerCap.
Spirit Airlines to furlough 1,800 flight attendants to cut costs in bankruptcy
Spirit is planning to furlough about 1,800 flight attendants to cut costs in its second bankruptcy in a year. Spirit's CEO last week warned staff about upcoming job cuts as the airline shrinks to reduce costs.
Spirit Airlines' unions warn members of more pain amid second bankruptcy
Unions for flight attendants and pilots working for Spirit Airlines are warning members of further pain during the budget carrier's second bankruptcy in a year, as it steps up cost-cutting efforts, according to memos seen by Reuters.
Spirit Airlines is cutting flights by 25% as it restructures again
Spirit Airlines will cut a fourth of its flights, CEO Dave Davis said in a memo to staff. From November, the budget airline will focus its operations on its strongest markets.
Spirit Airlines cuts routes, rivals pounce as budget carrier faces bankruptcy turbulence
Spirit Airlines will cut several routes in October amid bankruptcy proceedings while United and Frontier airlines announced new flights to capitalize on the opportunity.
Spirit Airlines is going bankrupt. This rival is already reaping the benefits.
One airline stands to gain from Spirit Airlines' recent bankruptcy filing, as a network overlap may soon go away.
Spirit Airlines files for second bankruptcy in under a year as low-cost carrier continues to struggle
Spirit Airlines enters Chapter 11 restructuring process again while assuring customers that flights and services will continue operating normally.
Spirit Airlines files for bankruptcy, but has this to say about its Labor Day flights
The move comes after the budget airline emerged from bankruptcy in March.
Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
Spirit Airlines filed for bankruptcy protection again, just months after the budget carrier came out of Chapter 11 protection earlier this year.
Spirit Airlines Prepares New Bankruptcy Filing
The troubled budget carrier plans to enter chapter 11 for the second time after a previous reorganization failed to fix problems.
Spirit Airlines Engages Advisers to Explore Repeat Restructuring
Spirit is exploring strategic alternatives after its recent financial restructuring failed to put the budget carrier on a sustainable path, people familiar with the matter said.
Spirit Airlines May Go Out of Business
Spirit Airlines has been through several problems in the past few years. The most recent one is that it acknowledged in an SEC filing that it may not be able to stay in business.
