Budget airline Spirit files for bankruptcy
US budget carrier Spirit Airlines has announced it has filed for bankruptcy protection after accumulating debt and losing more than $2.5bn since 2020But it has stressed to its customers that it will still continue to fly.The airline announced on Monday 18 November that it has entered into a “restructuring support agreement” that has been supported by a supermajority of its bondholders.The filing follows two failed attempts to merge with other airlines, falling stocks and a loss of income due to...