Spirit Airlines files for Chapter 11 bankruptcy after merger fallout and rising costs

Quick Summary:

NEW YORK, Nov 19 –– Spirit Airlines, known for its ultra-low-cost model, has filed for Chapter 11 bankruptcy protection...

The deal, which faced legal and regulatory hurdles, could have fortified Spirit’s position in the competitive low-cost market but was ultimately abandoned.

Spirit’s bankruptcy comes after years of grappling with high debt, surging fuel costs, and labour expenses.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Spirit airlines Chapter 11 bankruptcy Aviation industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 16:57:02 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Malay Mail

News ID: 23699876

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 15 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

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Publisher ID: #106

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