Spirit Airlines files for bankruptcy protection

Quick Summary:

Despite surging demand, low-budget carrier Spirit has not posted a full-year profit since 2019.

It is considered a pioneer in budget flying, forgoing many amenities that are standard on other airlines in order to keep ticket prices low.

Originally a long-haul trucking company founded in 1964, which pivoted to aviation in the early 1980s, the firm rebranded as Spirit in 1992.

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Article Details

Category: Business

Markets: United KingdomUkraine

Topics: Airline Budget Chapter Airlines Bankruptcy Spirit Passengers Carrier Merger Unaffected Says

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 16:23:00 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 23668087

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Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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