Spirit Airlines reaches deal to exit 2nd bankruptcy
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Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring
Spirit Airlines has reached an agreement with lenders to emerge from bankruptcy by late spring or early summer.
The ultra-low fare airline entered bankruptcy for a second time last year.
Spirit Airlines secures restructuring support to exit Chapter 11 by early summer, cut debt to ~$2.1B, and streamline fleet and routes—read key updates.