Articles tagged “bankruptcy”

The job cuts come after Spirit received a multi-million-dollar lifeline from a U.S. bankruptcy court, giving the ultra-low-cost carrier more legroom to stay afloat.

The move comes after Spirit’s CEO told staff to be prepared for job cuts as it reduces capacity to stay afloat.

Spirit CEO Dave Davis told staff the company could cut more jobs as a result of its plans to significantly reduce capacity this year.

JetBlue is the latest airline to expand in Spirit fortress Fort Lauderdale, hoping to capitalize on the ultra-low-cost carrier’s uncertain future.

Spirit filed for Chapter 11 bankruptcy again in a bid to further restructure and reduce its costs.

Frontier is rolling out 20 new routes, some in direct competition with Spirit. If Spirit falters, Frontier would be well-positioned to scoop up market share.

Spirit Airlines faces an even more uncertain future after emerging from Chapter 11 bankruptcy. Now, the carrier is considering another restructuring.

Spirit and Frontier are trying to reach profitability in a grim domestic market. While Frontier is seeing some gains from its premium shift, Spirit is in a more dire situation.

The unexpected change in Spirit’s leadership comes shortly after the ultra-low-cost carrier emerged from Chapter 11 bankruptcy.

Spirit’s capacity will be down 16% for the second quarter as it makes network adjustments post-bankruptcy.