All Spirit Airlines articles
-
News
Spirit Airlines warns of ability to remain ‘going concern’ as restructuring continues
Spirit Airlines, which recently entered bankruptcy court protection, has “substantial doubt” about its ability to continue operating during the next year due to steep financial losses amid difficult market conditions.
-
News
Spirit Airlines expects stock to be de-listed from US exchange amid Chapter 11 proceedings
Days after disclosing plans to restructure through Chapter 11 bankruptcy, Spirit Airlines says it expects to be de-listed from the New York Stock Exchange.
-
News
Spirit Airlines eyes Q1 exit after filing for ‘streamlined’ Chapter 11 restructuring
Struggling US budget carrier Spirit Airlines has filed for a pre-arranged Chapter 11 restructuring process, from which it hopes to emerge in the first quarter of next year having already secured investment commitments from existing bondholders.
-
News
Potential restructuring looms as Spirit Airlines misses deadline to file quarterly report
Spirit Airlines has missed its deadline for filing a report on its third-quarter financial results with the US Securities and Exchange Commission (SEC) amid reports that it is considering financial restructuring.
-
News
Spirit Airlines A321 struck by gunfire during attempted landing in Haiti
Haiti has closed its main international airport after a Spirit Airlines Airbus A321 was struck by gunfire while attempting to land in Port-au-Prince.
-
News
Former Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
-
News
Spirit Airlines to furlough further 330 pilots to match drastic capacity cuts
Spirit Airlines plans to furlough a further 330 pilots early next year as it navigates a period of severe financial turbulence.
-
News
Struggling Spirit Airlines to sell 23 A320-family jets as passenger capacity craters
Spirit Airlines recently entered a binding agreement to sell 23 of its older Airbus A320-family aircraft to GA Telesis for a total purchase price of about $519 million.
-
News
Several Florida airports to cease commercial operations ahead of Hurricane Milton
Several major airports in Florida are planning to shut down operations in preparation for Hurricane Milton, which has rapidly intensified into a potentially catastrophic storm as it approaches the state’s Gulf Coast.
-
News
Spirit Airlines’ struggles deepen amid reports of potential bankruptcy
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.
-
News
JetBlue adds former Frontier chief Sean Menke to board of directors
JetBlue Airways has added airline industry veteran Sean Menke, former chief executive of Frontier Airlines, to its board of directors.
-
News
Spirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
-
Airline Business
Spirit Airlines continues tweaking traditional no-frills model
Ultra-low-cost carrier Spirit Airlines has taken another step away from its traditional no-frills model by upping its maximum weight for checked bags.
-
News
Spirit Airlines names Brian McMenamy as its new financial chief
Spirit Airlines has named Brian J. McMenamy as new chief financial officer after the company’s previous CFO Scott Haralson resigned to pursue another opportunity at ”a larger, publicly traded company outside of the airline industry”.
-
News
Passengers don life vests on Spirit Airlines flight diverted back to Jamaica
Spirit Airlines passengers were told to don life vests and prepare for a potential water landing on a flight that was safely diverted back to its origin in Jamaica due to an unspecified “mechanical issue”.
-
Airline Business
US discounters Frontier and Spirit planning for futures without fees
Spirit Airlines is the latest US discounter to axe fees formerly levied against passengers for changing or cancelling flights, following the lead of rival ultra-low-cost carrier Frontier Airlines.
-
Airline Business
JetBlue and Spirit network strategies diverge after failed merger
JetBlue has responded to the failure of its proposed acquisition of Spirit Airlines by cutting US flights and beefing up its Caribbean operation, while Spirit has embarked on expansion within the USA.
-
Airline Business
Sun Country profitable as other US discounters slog through first quarter
As leading ultra-low-cost carriers in the USA embark on wholesale network changes in response to shifting market dynamics, one smaller airline is sticking to its guns.
-
Airline Business
US airline industry ‘evermore rigged game’ favouring major carriers: Spirit Airlines CEO
Now at liberty to talk freely about the defunct deal with JetBlue, Spirit Airlines’ chief executive Ted Christie alleges that the US airline system is “rigged” against smaller carriers.
-
Airline Business
Spirit Airlines on track for greater Q1 loss than expected
US discounter Spirit Airlines is bracing for a greater first-quarter loss than previously anticipated due to how it is accounting for $150-$200 million in compensation from Pratt & Whitney (P&W) for its grounded Airbus A320neo-family aircraft.