Spirit Airlines will keep flying after filing for Chapter 11 bankruptcy restructuring on Friday, just five months after exiting its last restructuring.
The Dania Beach, Florida-based budget airline said in a letter to flyers that it will continue flying, and that they can continue to use all "tickets, credits and loyalty points." All other passenger benefits, including Savers Club and credit card perks, remain available for use as well.
"It has become clear that there is much more work to be done and many more tools are available to best position Spirit for the future," said Dave Davis, president and CEO of Spirit, in a statement Friday. "After thoroughly evaluating our options and considering recent events and the market pressures facing our industry, our Board of Directors decided that a court-supervised process is the best path forward to make the changes needed to ensure our long-term success."
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