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With merger scuttled, Spirit Airlines faces an uncertai
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With merger scuttled, Spirit Airlines faces an uncertain future
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With merger scuttled, Spirit Airlines faces an uncertain future Is bankruptcy a possibility?
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Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. After Judge William Young's ruling on Tuesday, Spirit can look for another buyer, or it could remain independent and try to push through a difficult environment for budget airlines.