U.S. no-frills pioneer Spirit Airlines (FLYY.A) filed for fresh chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.
The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.
Flights, ticket sales, reservations and operations will continue, the airline said on Friday.
Spirit had been attempting to rebrand as a more premium airline to keep pace with post-pandemic travel trends that have challenged the viability of the ultra-low-cost model.
But Spirit’s recovery was further hit by uncertainty from President Donald Trump’s tariffs and budget cuts, which have cooled consumer spending and driven down domestic airfares.
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Author: Marty Kaufmann
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