Spirit Airlines will continue to fly after requesting the bankruptcy restructuring of Chapter 11 on Friday, only five months after leaving its last restructuring.
The Budget Airline based in Dania Beach, Florida, said in a Letter to the flyers that will continue flying and that they can continue using all “tickets, credits and loyalty points.” All other passenger benefits, including Savers Club and credit card advantages, also remain available for use.
“It has been clear that there is much more work to be done and many more tools are available for the best position of position for the future,” said Dave Davis, president and CEO of Spirit, in a statement on Friday. “After thoroughly evaluating our options and considering recent events and market pressures that our industry faces, our board of directors decided that a process supervised in court is the best way to make the necessary changes to guarantee our long -term success.”
The spirit lost $ 186 million during the three and a half months since mid -March, when He left his last bankruptcy restructuringUntil the end of June. Normally, it is a peak time for budget trips that include spring vacations.
The airline warned investors On August 11, there were “substantial doubts regarding the company’s capacity to continue as a company in progress within 12 months.”
Davis said Spirit plans to undergo an integral restructuring this time. Is Last bankruptcy presentation In November 2024 he focused mainly on the operator’s debt.
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Spirit said in a statement that the integral restructuring would include a redesign of the route map focused on the cities of key approach, the reduction of the airline fleet and the reduction of costs.
The five largest destinations of the airline by flights in the third quarter, based on the schedules of the Cirium aviation analysis firm, are:
- Fort Lauderdale-Hollywood International Airport (FLL)
- Orlando International Airport (MCO)
- Harry Reid International Airport (Las) in Las Vegas
- Detroit Wayne County Metropolitan Airport (DTW)
- Newark Liberty International Airport (EWR)
- Spirit schedule is more than a smaller quarter during the three months that end in September compared to the same period in 2024, as shown by Cirium data.
The carrier flew 215 Airbus A320-Family aircraft at the end of June, according to its last quarterly financial presentation.
Other airlines are not waiting for the restructuring spirit or, in the worst case, to fail. Frontier Airlines recently presented 20 new routes which include many in spiritual markets. And analysts believe that other carriers, including Jetblue Airways, Sun Country Airlines and United Airlines, could be interested in Spirit’s doors and facilities in several airports such as Fll and DTW.
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