US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts.

Spirit Airlines issued a statement explaining the bankruptcy as a strategic step to reduce its debt and maintain operations.

Spirit airlines announced it filed for chapter 11 bankruptcy. The airline says it has lost billions of dollars since the ...

Since the start of 2020 the airline has lost more than $2.5 billion and has built up looming debt payments in 2025 and 2026 which total more than $1 billion.

Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday's announcement follows ...