Spirit Airlines has filed for Chapter 11 bankruptcy, citing declining sales and the collapse of a planned merger with JetBlue. Despite the filing, the airline plans to continue operating its published schedules, allowing customers to book travel and use loyalty points as usual. Spirit aims to use the bankruptcy process to restructure its debt and adapt to changing industry dynamics. CEO Ted Christie stated the move is intended to position the airline for future success by offering enhanced travel options and increased flexibility. The filing comes just ahead of what is expected to be a record-breaking holiday travel season. Continue here.
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