(Reuters) – No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt maturities.
Spirit, known for its bright yellow livery, is the first major U.S. airline to file for Chapter 11 since 2011.
It has not posted a full-year profit since 2019 and has been facing an uncertain future after the collapse of its $3.8 billion planned merger with JetBlue Airways in January.
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