Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
cnbc.com/2025/08/29/spirit-airlines-chapter-11-bankruptcy.html
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Spirit Airlines Files Chapter 11 Again Amid StrugglesMonths after emerging from bankruptcy, Spirit Airlines seeks Chapter 11 again, planning major fleet cuts to save hundreds of millions yearly.
- Spirit Airlines has filed for Chapter 11 bankruptcy protection a second time within one year due to ongoing financial instability despite prior restructuring efforts.
- The airline intends to reduce its route network and fleet size significantly, aiming to cut costs by hundreds of millions of dollars annually.
- Reported assets and liabilities range between $1 billion and $10 billion, with assurances that customer bookings and flights will continue during bankruptcy proceedings.
- Labor unions anticipate further workforce reductions, including furloughs and leaves, while competitors like Frontier Airlines expand routes to attract Spirit’s customers.
This bankruptcy will be harder and look different than last year, but we will keep you closely informed and stick together as we move forward.— The Association of Flight Attendants-CWA told the carrier's flight attendants on Friday after Spirit's filing.
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