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International Business Times

National

Carla St. Louis

Spirit Airlines Files For Bankruptcy: What It Means For Fliers

Spirit Airlines Spirit

A Spirit Airlines takes off from Oakland International Airport on May 06, 2024 in Oakland, California. (Credit: Justin Sullivan/Getty Images)

Spirit Airlines has filed for Chapter 11 bankruptcy as part of a plan to restructure its balance sheet and strengthen its position as an affordable commercial flight carrier.

Spirit Airlines says it has secured a restructuring support agreement with a supermajority of its bondholders that includes a $350 million equity investment and $300 million in financing.

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One subscription that gives you access to news from hundreds of sites

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