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Spirit Airlines files for bankruptcy
short by Pragya Swastik / on 18 Nov 2024,Monday
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
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