Spirit Airlines files for bankruptcy.
Spirit Airlines, “staff, customers, to remain uneffected” | US Spirit Airlines files for bankruptcy, will remain operational.
dedaandsons.com
Spirit Airlines files for bankruptcy protection
- Thread starter PeterNSteinmetz
- Start date
dedaandsons.com
Bankruptcy was expected to happen by many should the Justice Department block Spirit's merger with JetBlue. Justice claimed the merger would reduce competition. After Justice succeeded in blocking the merger they claimed it was “a victory for U.S. travelers who deserve lower prices and better choices.” Chapter 11 should allow Spirit to restructure, but its prognosis is not good. In the mean time the alleged goals of lower prices (which weren't sustainable) and better choices (a crippled choice is one less "better" choice) are gone. And it was all predictable - even by the judge that sided with the Justice Department.
Similar threads
