Spirit Airlines ‘on verge of bankruptcy’ as merger ‘collapses’ months after CEO warns travelers are ‘long term losers’ ...Middle East

SPIRIT Airlines chiefs are thought to be planning to file for bankruptcy after a proposed merger with another low-cost carrier reportedly collapsed. Execs were in talks with Frontier bosses over a potential deal, but talks are said to have broken down. Spirit Airlines is thought to be on the verge of bankruptcy (stock)AP Spirit AirlinesSpirit CEO Ted Christie has blasted the state of the airline industry[/caption] Sources told the Wall Street Journal that Spirit could file for bankruptcy within weeks. The beleaguered carrier has around $3 billion worth of debts, and execs have been scrambling to cut costs. Bosses have revealed the company’s revenue is around $61 m

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