FLASH: Spirit Airlines Files for Bankruptcy!
FLASH: Spirit Airlines Files for Bankruptcy!
What's Happening?** Spirit Airlines, the biggest US budget airline, has filed for bankruptcy protection and will attempt to reboot. Why? The pandemic-caused swoon in travel, a failed attempt to sell the airline to JetBlue, and looming debt payments of over $1bn have all contributed to this decision. What Does This Mean for You? Spirit expects to operate as normal and customers can continue to book and fly without interruption. However, it's a different story for employees, as required repairs to Pratt & Whitney engines have forced the airline to ground dozens of its Airbus jets, leading to furloughs. What's Next? The future of the airline remains uncertain, but one thing is for sure - this is a big blow to the airline industry and its passengers. Stay tuned for updates!