US no-frills pioneer Spirit Airlines files for bankruptcy protection

Quick Summary:

The carrier will continue operating as usual, and customers can still book and fly without interruption.

However, a Boston judge blocked the deal on the grounds it would reduce competition, raising doubts about the company’s ability to manage looming debt maturities.

Meanwhile, intense competition among US carriers for price-sensitive leisure travellers, as well as an oversupply of airline seats in the domestic market hit its pricing power.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Company Chapter York Airlines Bankruptcy Airline Spirit Protection Expected 2024 First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 22:14:07 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 723 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23664124

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions