Spirit Airlines has a heavy debt load and its continuing losses going forward dampen its prospects. The company lost $214 million in the fourth quarter of 2024 and $495 million for 2023,
Spirit previously reported a $598 million loss for 2022.
It had hoped to be merged with JetBlue but that hope has been dashed by a Federal antitrust judge.
Read more from TheStreet:
https://www.thestreet.com/travel/spirit-airlines-faces-chapter-11-bankruptcy-fears
Spirit Airlines aircraft photo gallery:
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- Source: https://worldairlinenews.com/2024/03/11/spirit-airlines-faces-a-fight-for-its-survival/
