Spirit Airlines filing for bankruptcy protection as it tries to recover from the pandemic and a failed sale to JetBlue.
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00:00Spirit Airlines filing for bankruptcy protection as it tries to recover from pandemic and a failed sale to JetBlue.
00:08The airline has lost over $2.5 billion since 2020 and is facing more than a billion in debt payments in the next year.
00:15Spirit says it will continue operating normally during its Chapter 11 process
00:20and customers can still book flights, use tickets and redeem points as usual.
00:26The company's stock has taken a major hit, dropping 25% last week and more than 93% this year alone.