Spirit Airlines files for bankruptcy protection for second time in a year | Business
US-Frills Pioneer Spirit Airlines applied for the new episode 11 bankruptcy protection on Friday, because cash and assembly losses have been reversed since the reorganization of the previous episode 11 in March.
Known by bright yellow jets, the carrier has fought for stable operations since his first bankruptcy in March. Airline said on Friday, flights, ticket sales, reservations and operations will continue, he said.
The soul was trying to re -brand it as a higher cost airline to keep up with Pandemik, which challenged the applicability of the ultra -cost model.
However, Spirit’s recovery was further hit by budget cuts and budget cuts, which cool Donald Trump’s consumer expenditures and reduce domestic flight tickets.
The airway had to raise the ongoing doubts in the beginning of this month.
Dava Davis, Chief Manager Davis, “only the financed debt to reduce the debt and to increase the equity capital aimed at our previous restructuring, it has become more work and more vehicles for the best position spirit has become clear,” he said.
The Florida -based airline sought bankruptcy protection last November after years of losses, unsuccessful merger offers and loading debt, and since 2011 he became the first US carrier.
Last year, he issued a net loss of 1.2 billion dollars, problems, Jetblue Airways and RTX’s Pratt & Whitney engine problems and the collapse of a $ 3.8 billion union.
The spirit began in 1964 as a long -distance truck company before aviation in the 1980s, and initially flying free time packages under the name of Airlines.
In 1992, he re -branded as a soul and formed its reputation as a discount carrier for travelers who have budget awareness who wanted to skip extras such as bags and seat homework.
However, the pandemi raised this model because the demand changed towards more comfortable, experience -oriented trip and fought to adapt the ultra -cost carriers.
