Spirit Airlines has filed for Chapter 11 bankruptcy for the second time in less than a year, which must be some sort of a record, no?
During its brief time in bankruptcy, the airline just addressed its debt issues, without addressing its horrible operating losses. That’s bizarre, because the airline was hemorrhaging money, with the worst margins in the industry, and unsurprisingly, that continued even after emerging from bankruptcy.
So there’s now an update, as Spirit has once again entered Chapter 11 bankruptcy. This time around, the company states it will use the Chapter 11 process to implement changes necessary to transition the company to a sustainable future.
A great solo travel tip spotted this week on One Mile at a Time.
