Disney4me Posted Monday at 04:16 PM Report Share Posted Monday at 04:16 PM If you’re planning your next vacation, you might be trying to decide which airline to use. Orlando International Airport There are so many options out there these days, from budget airlines to more luxury offerings, and they all come with different amenities, rules, and flight times. If you’re looking to fly on the cheap, one of the most popular choices is Spirit Airlines…but now they’ve run into some problems. According to CNBC, Spirit Airlines has filed for bankruptcy protection after “years of mounting losses, a failed merger, and more demanding consumer tastes.” Spirit announced early Monday that it had reached a prearranged deal with its bondholders that includes $300 million in debtor-in-possession financing to help the company through the bankruptcy. Spirit Airlines at Orlando Airport Spirit expects to exit the bankruptcy in the first quarter of next year, saying that vendors and aircraft lessors will not be impaired. In a court filing, the company has listed its assets and liabilities between $1 billion and $10 billion. Currently, Spirit Airlines plans to continue operating, and customers can continue to book tickets. ©Spirit “The most important thing to know is that you can continue to book and fly now and in the future,” Spirit CEO Ted Christie said in a letter to customers on Monday. Tickets, credits, and loyalty points can be used as normal right now, even though Spirit will be delisted from the New York Stock Exchange as a result of the filing. ©Spirit Airlines In recent times, Spirit has struggled with an engine recall that grounded dozens of jets, higher costs after the pandemic, and a failed acquisition of JetBlue Airways. Shares of Spirit Airlines have fallen more than 90% this year. ©Spirit Airlines We’ll make sure to keep you updated with any more news from this airline! Stay tuned to DFB. Click Here to See the BEST Airlines to Fly to Disney World! Travel Updates, Tips, and Tricks Complete Guide to Booking the CHEAPEST Flight to Disney World What to Do if Your Flight to Disney World Is Canceled Our Best Tips For Flying Through the Orlando International Airport Step-by-Step Guide: How to Get to Disney World From the Orlando Airport You’re SLEEPING on These Packing Hacks Air Travel Tips That’ll Change Your Life 8 Catastrophic Travel Mistakes and How to Solve Them The Airline with the MOST Flight Delays and Cancellations This Small Change Will Save You From Lost Luggage The Best Disney Luggage for 2023 21 Things a Former Flight Attendant Needs You To Know 7 Highest-Rated Travel Items on Amazon Join the DFB Newsletter to Get All the Latest Disney News Delivered Right to Your Inbox! Click Here to Subscribe Which airline do you typically fly with? Tell us in the comments!The post NEWS: A Popular Budget Airline Has Filed for Bankruptcy Protection first appeared on the disney food blog.View the full article Quote Link to comment Share on other sites More sharing options...
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