Transportation
Spirit Airlines Encourages Customers to Keep Flying Through Bankruptcy
A Spirit Airlines aircraft takes off from Baltimore-Washington Airport in Maryland.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Spirit Airlines Inc. told customers Monday that they should continue feeling comfortable booking flights “now and in the future,” despite the airline filing for bankruptcy.
The US carrier sought Chapter 11 protection in New York on Monday to restructure $1.6 billion of debt after struggling to overcome mounting losses and failed merger attempts, according to court filings. The company said it plans to relinquish control to its bondholders. Its shares will be delisted.