Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned ...

Spirit has not turned a net profit since before the COVID-19 pandemic, as other airlines have stepped up their competition, ...

In the clearest sign yet that bankruptcy is on the itinerary, Spirit Airlines warned early Wednesday that it is preparing for ...

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Ultra-low-cost carrier Spirit Airlines is reportedly close to filing for bankruptcy amid a cash crunch and mounting debt. The ...

The ultra-low-cost carrier has been forced to furlough about 300 pilots to save even more money. This is part of an overall ...

Of late, the airline has engaged in substantial scheduling ... involves a manufacturer’s recall of Pratt & Whitney engines that forced Spirit to ground aircraft to allow for an extended program ...

Boeing and Airbus will provide $450m (£353m) in emergency funding to troubled supplier Spirit AeroSystems, which employs ...

Spirit Airlines plans to sell 23 Airbus aircraft to GA Telesis for $519 million to boost liquidity. The airline is experiencing capacity reductions due to aircraft sales, engine issues ...

REUTERS Spirit was one of the airlines hit hardest by an RTX engine defect that forced it to ground flights, adding to its financial woes. RTX’s Pratt & Whitney announced in 2023 that more than ...

The airline has not posted a profit since the pandemic and faces challenges after a blocked merger with JetBlue and engine issues. Spirit Airlines is taking measures to improve liquidity ...

The budget carrier has identified roughly $80 million of cost-cutting measures that will start to be implemented in early 2025.