Spirit Airlines files for bankruptcy after failed merger with JetBlue

The Gazette

Summary

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The carrier early Monday announced a prearranged deal with its bondholders including $300 million in debtor-in-possession financing.
CNBC
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Spirit, the biggest U.S. budget airline, has lost more than US$2.5 billion since the start of 2020 and faces looming debt payments totalling more than $1 billion over the next year.
CTV News
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The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
The New York Times
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Many passengers are now wondering what this means for their plans to fly with Spirit Airlines in the future.
Newsweek

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updated 88:88

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