US-based Spirit Airlines has filed for bankruptcy protection after struggling with quarterly losses and debt. The airline's woes deepened after its $3.8 billion planned merger with JetBlue Airways collapsed and issues with RTX's Pratt & Whitney Geared Turbofan engines grounded its aircraft. Spirit Airlines listed its estimated assets and liabilities in the range of $1 billion to $10 billion each.
short by
Pragya Swastik /
04:38 pm on
18 Nov