Fact Check: Is Spirit Airlines going out of business? ...Middle East

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Fact Check: Is Spirit Airlines going out of business?
source : News10NBC ( Middle East ) () 62
ROCHESTER, N.Y. — Spirit Airlines has filed for bankruptcy, raising concerns among travelers booked on flights out of the Rochester airport. Despite the filing, the low-cost carrier is not going out of business. Spirit Airlines is restructuring under Chapter 11 bankruptcy protection to manage its financial losses, which have exceeded $2.5 billion since 2020. The airline is working with bondholders to reduce its debt. Spirit Airlines expanded into the Rochester market in 2022, offering daily direct flights to Orlando and Fort Lauderdale. In an open letter to customers, Spirit Airlines assured that it “expects to continue operating its business in the normal course throughout the prearranged,

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