Spirit Airlines Files for Chapter 11 Bankruptcy Amid Financial Struggles

Spirit Airlines, the largest budget airline in the United States, has filed for Chapter 11 bankruptcy protection as it struggles to recover from the financial fallout caused by the pandemic and a failed attempt to merge with JetBlue.

The airline, based in Miramar, Florida, has lost over $2.5 billion since 2020 and faces looming debt payments totaling more than $1 billion in the coming year. Despite filing for bankruptcy, Spirit emphasized that it would continue operating as usual, allowing customers to book and fly without disruption.