Spirit Airlines has engaged advisers to explore strategic options after its financial restructuring fell short of securing a ...

Spirit is exploring strategic alternatives after its recent financial restructuring failed to put the budget carrier on a ...

U.S. airline operator Spirit Airlines took another hit to its credit rating on Friday after Moody's Ratings downgraded it two ...

Time could be running out for Spirit Airlines to continue operating, which would be bad news not only for its employees and ...

Spirit Airlines (SAVE, Financials) is once again in crisis mode and this time, the runway to recovery looks even shorter.

Just months after exiting bankruptcy, Spirit Airlines is facing an existential crisis. Experts say the airline missed crucial ...

In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty ...

Last year, Spirit Airlines filed for bankruptcy protection, but quickly made it clear that it did not intend to make sweeping changes that would be felt by its customers, employees or creditors. Just ...

Moody’s cited higher than expected cash burn as the primary reason for the downgrade. The agency forecasts Spirit will burn more than $500 million in cash during 2025 due to weak domestic leisure ...

Kirby joined the airline in December 2018, replacing longtime Spirit veteran Mark Kopczak. During his tenure, Kirby oversaw a ...

The DOJ blocked Spirit's merger with JetBlue in 2022 over concerns about market consolidation, but markets also consolidate when failing firms go bankrupt and exit.

Financially troubled Spirit Airlines moved to strengthen its cash position by renewing its credit card processing contact and ...