The budget carrier is in advanced discussions with bondholders over a filing that could occur within weeks.

The low-cost airline filed for bankruptcy protection Monday. It will continue to operate as it seeks to restructure its debt.

Spirit said in a filing announcing bankruptcy protection that it would continue all its normal operations, and that customer tickets remain vaild.

Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with Frontier and another earlier in 2024 with JetBlue – which left the ultra-low-cost carrier in a bind after repetitive quarterly losses.

Spirit Airlines filed for bankruptcy as its ultralow discount model proved insufficient to satisfy its hefty debt obligations after its merger with JetBlue Airways was blocked. Spirit filed a chapter 11 petition in the U.

Spirit Airlines is reportedly considering bankruptcy protection. That could mean flying fewer routes, allowing competitors to raise prices.

Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago.

The beleaguered budget air carrier Spirit Airlines (NYSE:SAVE) has filed for bankruptcy protection after years of losses. The company has commenced a voluntary prearranged bankruptcy proceeding with a debt restructuring agreement already signed by a majority of its bondholders.