Business

Spirit Airlines files for bankruptcy — second time in a year as turnaround fails

August 29, 2025

No-frills pioneer Spirit Airlines filed for fresh bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.

The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.

It was forced to raise going-concern doubts earlier this month.

Spirit, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March. AP

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.