Spirit Airlines’ struggles deepen amid reports of potential bankruptcy | News
[ad_1]
Struggling Spirit Airlines has sharply reduced its October schedule and is cutting routes across its network amid reports that it is exploring a bankruptcy filing.
The Wall Street Journal and Bloomberg both reported on 3 October that Spirit is considering financial restructuring, citing unnamed sources with knowledge of the discount carrier’s financial situation.
Ted Christie, Spirit’s chief executive, maintained that the company was not exploring filing for Chapter 11 bankruptcy as recently as August. Spirit has in recent weeks touted new fare …