Author: Atharva

NEW YORK – American low-cost carrier Spirit Airlines has filed for bankruptcy on the morning of Monday, November 18th. A series of complications which included a disapproved takeover by JetBlue and failure in the airline renegotiating its debts culminated with its filing for Chapter 11 bankruptcy protection in New York. Spirit announced an agreement with its shareholders to restructure its debts as well as raise money for operation in its current phase, which is anticipated to come to an end by the end of 2025’s first quarter. Additionally, customers with already purchased tickets and loyalty points have been told that…

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