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Spirit Airlines files for bankruptcy amid severe financial losses

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Spirit Airlines files for bankruptcy amid severe financial losses

3 hours ago

Spirit Airlines filed for bankruptcy on Monday, saying it will attempt to reboot as it struggles to recover from the pandemic-caused dip in travel and a failed attempt at a merger with JetBlue Airways. Spirit, America’s biggest budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totalling more than $1 billion over the next year.

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