Spirit Airlines FIles for Chapter 11 Bankruptcy
Source: Brandon Bell / Getty After 40 plus years of continued service, Spirit Airlines filed for bankruptcy protection Monday. Mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other airlines left the company little choice but to pivot from its initial process. Since 1980, Spirit airlines have been known for its very low base fares. Its average domestic round-trip economy fare so far […]
