Spirit Airlines continues talks with creditors amid bankruptcy filing

Quick Summary:

Spirit said in October that it would furlough about 330 pilots on Jan.31 as part of its efforts to cut costs and shore up its finances.

The Dania Beach, Florida-based airline has been losing money despite strong travel demand.

Shares of the company were down 39 per cent at $1.8 after the bell.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Aviation Airline sector Bankruptcy Airlines Creditors Spirit Airlines

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 09:49:12 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23564872

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 298 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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