Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
