Spirit Airlines Declares Bankruptcy Again This Year Amid Major Restructuring
Spirit Airlines has filed for bankruptcy for the second time in 2025 as part of a sweeping restructuring strategy. The ultra-low-cost carrier faces mounting financial pressures from rising operational costs, competitive fare wars, and debt challenges. Its restructuring aims to streamline operations, reduce fleet size, and explore premium service offerings to restore stability. Despite the bankruptcy, Spirit has reassured customers that tickets, bookings, and loyalty points remain valid while it works toward recovery.
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