How Massive Debt, Stiff Competition Dashed Spirit Airlines

By Austin Alonzo Spirit Airlines’ financial failure could mean fewer options and higher ticket prices for Americans flying on a tight budget. On Nov. 18, the Dania Beach, Florida-based ultra-low-cost carrier famous for its cheap base fares, announced it was seeking Chapter 11 bankruptcy protection. Spirit is currently attempting a reorganization in bankruptcy court so it can pay…

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