Spirit Airlines plans to furlough about one-third of its cabin crew as part of sweeping cost cuts under its second Chapter 11 bankruptcy filing, while slashing capacity and exiting select cities.
Just months after emerging from its first bankruptcy in March 2025, Spirit Airlines has filed for Chapter 11 protection again, triggering a comprehensive restructuring to salvage its future.
Just months after emerging from bankruptcy, Spirit Airlines has issued a dire warning that it may not survive another 12 months without additional funding, as weak demand, shrinking liquidity, and rising costs threaten its viability.