Reported 11 months ago
Spirit Airlines' CEO confirmed at the annual shareholder meeting that the company is not contemplating a Chapter 11 bankruptcy despite challenges like the failed JetBlue Airways deal and grounded aircraft. The airline, facing financial strains including managing debt and reduced capacity, announced cost-cutting measures like pilot furloughs and aircraft delivery delays. Spirit is also dealing with engine issues grounding some of its planes, and announced the departure of its CFO with an interim replacement named.
Source: YAHOO