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Airlines
The Journal reported that Spirit is looking to bankruptcy after talks with Frontier about reviving a merger broke down.
Meghna Maharishi | 2 days ago
Ben Baldanza, who pioneered the modern ultra-low-cost business model in the U.S. and turned Spirit into one of the most profitable airlines, has died following a battle with ALS.
Meghna Maharishi | 1 week ago
After the Justice Department said it would launch an inquiry into the state of airline competition, the airline and travel industries criticized the move as politically motivated.
Meghna Maharishi | 3 weeks ago
Spirit Airlines is looking for more ways to boost its balance sheet. The aircraft sale would considerably decrease Spirit’s capacity for 2025.
Ever since JetBlue-Spirit was blocked, Frontier has declined to comment on whether it would ever consider merging again. But the deal makes a lot of sense.
Some Wall Street analysts had speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could have been on the table.
Meghna Maharishi | 4 weeks ago
As ultra-low-cost carriers struggle to remain profitable, we'll hear from numerous executives at the Skift Aviation Forum on how the business can survive.
Meghna Maharishi | 1 month ago
Just months ago, Spirit CEO Ted Christie said the budget carrier was not considering a chapter 11 bankruptcy.
The head of an industry trade group sounded the alarm for ultra-low-cost carriers as airlines like Spirit and Frontier face declining profits. However, other carriers in the industry have seen some success despite industry headwinds.
Meghna Maharishi | 2 months ago
The furloughs were part of an attempt to cut costs as Spirit’s revenues have sharply declined over the past few years. However, the carrier still has more hurdles to overcome — including a staggering $1.1 billion in debt that’s set to mature in a year.
