Spirit Airlines

Spirit Airlines has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization.

Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern within the next year — which is accounting-speak for having the resources needed to sustain operations.

Spirit Airlines has emerged from bankruptcy protection. The budget airline said this week that its parent, Spirit Aviation Holdings, exited Chapter 11 after finalizing debt restructuring.

The Broward-based airline said its bankruptcy reorganization will not impact passengers or employees.

The South Florida-based budget airline said bankruptcy is not expected to affect employees and passengers.

Spirit Airlines officials confirmed to WLRN that Flight 951 from Fort Lauderdale to Port-au-Prince was shot at while landing at Toussaint Louverture International Airport.

Spirit says it has identified about $80 million of cost-cutting measures set to begin early next year. Those cuts will be driven primarily by a “reduction in workforce,” the airline disclosed in a Thursday regulatory filing.

Spirit Airlines has been given a two-month extension to refinance about $1 billion of its debt, which was due on Monday. The largest Florida-based airline has been renegotiating $1 billion of its bonds as its stock price plummets.

Spirit Airlines is rushing to renegotiate a loan it took out during the pandemic. It might not be enough to avoid bankruptcy.

The Broward-based company struck an aggressive and more optimistic tone Thursday during an investor update.

A federal judge blocked JetBlue's purchase of Spirit Airlines, triggering worries about the carrier's ability to stay aloft as an independent airline.

A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.