Spirit Airlines Files for Bankruptcy

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Spirit Airlines President

Fox Business

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Spirit Airlines files for Chapter 11 bankruptcy protection

Summary

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75% Informative

Spirit Airlines has filed for Chapter 11 bankruptcy protection.

The airline has entered into an agreement with its bondholders that is expected to reduce the company's total debt and provide increased financial flexibility.

In October , Spirit announced plans to sell multiple aircraft and lay off workers as it tried to raise cash and revive operations.

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

Hate speech