Spirit Airlines

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.

JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines.

JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year. Even with Spirit shareholders accepting the buyout, the deal could face a big challenge from federal antitrust regulators. Spirit, the country's biggest budget airline, is based in Miramar, in Broward.