this post was submitted on 18 Nov 2024
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Summary

Spirit Airlines has filed for Chapter 11 bankruptcy, citing mounting losses, debt, and the failure of its proposed $3.8 billion merger with JetBlue.

Operations, including ticket sales, will continue as normal, with the airline securing $300 million in financing and planning to exit bankruptcy by early 2025.

Spirit has also arranged a $350 million equity investment from bondholders.

Struggling since the pandemic, Spirit deferred $1.1 billion in debt, faced an engine recall, and announced cost-cutting measures, including job cuts and selling older planes.

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[–] LifeInMultipleChoice@lemmy.world 4 points 1 day ago* (last edited 7 hours ago) (1 children)

Yeah, they were always great for me, likely do to shitty practices, but when it's a 17 hour drive home, and it only costs $42 for a ticket. I can get their cheaply easily. Not enough room, throw in another 40 and have a bigger seat up front that's reserved and not have to deal with that southwest BS of random seats. You can pay more, but I haven't needed to pay over $70 for a ticket traveling the short distances I need to go in the past 5-7 years.

For those not from around here my trip distance would be a little farther than London to Berlin.

[–] Alexstarfire@lemmy.world 2 points 1 day ago (1 children)

SW switched seating, this year I think, to be the same as other airlines. It's not completely random anymore.

That's good, when I flew to PHX for work earlier this year I specifically choose another airline even though they didn't have points just to avoid that. Probably a good move for them