( ) -q-21- UNDATED (Correspondent Jeremy House) “the next year.” Spirit Airlines has filed for bankruptcy protection. [CutID: <Cuts> SPIRIT-BANKRUPTCY-house-q-MONam.mp3 Time: 21s Title: SPIRIT-BANKRUPTCY-house-q-MONam Out-cue: the next year] TAG: Correspondent Jeremy House reporting. Spirit says it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that […]
Audio
Spirit Airlines files for bankruptcy
( ) -q-21- UNDATED (Correspondent Jeremy House) “the next year.”
Spirit Airlines has filed for bankruptcy protection.
[CutID: <Cuts> SPIRIT-BANKRUPTCY-house-q-MONam.mp3
Time: 21s
Title: SPIRIT-BANKRUPTCY-house-q-MONam
Out-cue: the next year]
TAG: Correspondent Jeremy House reporting. Spirit says it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that customers can continue to book and fly without interruption.
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VERBATIM: The air carrier will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit is the biggest U.S. budget airline. It has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year.