Taxi on a airline at Manchester Boston Regional Airport in New Hampshire on June 2, 2023. The budget holder said on Friday that she had applied for bankruptcy again, after months of leaving the reorganization of Chapter 11.
Charles Croba/father
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The budget -transmitting airline said on Friday that it had applied for fresh bankruptcy protection after months of reorganizing Chapter 11.
The high -cost high -cost airline said it plans to continue flying as usual during the restructuring process, which means that passengers can still book flights and use their tickets, credits and loyalty points. The company said that employees and contractors will continue to obtain their salaries.
CEO Dave Davis said that the previous seam 11 of the airline has focused on reducing debt and raising the capital, and since the exit of this process in March, “it has become clear that there is a lot of work that must be done and that many of the tools available for the best spirit on the site for the future.”
Meanwhile, union leaders warned of flight attendants “preparing for all possible scenarios.”
“We are directly because we have many ways to fight because of our union, we also want to get the truth about the situation in our airline and how we can take measures to protect and prepare ourselves for any challenge.”
Spirit, known as bright yellow aircraft and non-lifting service, was an approximate flight since the Covid-19 pandemic, struggling to bounce amid the growing operating costs and its escalating debts. By the time of deposit of Chapter 11 in November, Spirit has lost more than $ 2.5 billion since the beginning of 2020.
The airline now holds $ 2.4 billion of long -term debts, most of them in 2030, and reported a negatively empty cash flow of one billion dollars at the end of the second quarter.
Friday news comes at a time when budget transport companies, such as SPIRIT, are under pressure by major airlines, whose low -cost offers. Meanwhile, Spirit is trying to take advantage of a growing market for a more dance travel with its new prices that include more privileges at the top side.
But in a quarterly report issued earlier this month, Spirit Aviation Holdings, the parent company of the carrier, revealed that it has a “great doubt” about its ability to stay working during the next year. The company cited the “harmful market conditions” that the company faced after the recent restructuring.
This included weak demand for local entertainment travel and “uncertainty in its commercial operations”, which Florida expected to continue until at least 2025.
Silka efforts to reduce costs continued after leaving bankruptcy in March, including plans to undergo about 270 pilots and reduce about 140 captains to the first officer in the coming months.
These changes, which come into effect on October 1 and November 1, were linked to the expected aviation sizes in 2026, the company said. They also follow the previous leave and reduce jobs before submitting the company’s bankruptcy last year.
Despite the discounts, Spirit said it needs more money. As a result, the company said it is considering selling some aircraft and real estate.
The fleet of the soul is a relatively young man, which made the airline an attractive goal. But attempts to acquire budget competitors such as Jetblue and Frontier did not succeed before and during the bankruptcy process in the first Spert.
SPIRIT 5,013 trip runs to 88 destinations in the United States, the Caribbean Sea, Mexico, Central America, Panama and Colombia, according to SkyScanner.net.