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Spirit Airlines has filed for Chapter 11 bankruptcy to address a heavy debt load accumulated after two failed merger attempts and changing travel demands. The airline will continue operating flights and honoring tickets and loyalty points as it restructures its finances. The plan involves reducing debt by converting $795 million into equity and receiving a $350 million investment. Spirit also recently announced job cuts and the sale of 23 planes. The airline aims to emerge from bankruptcy by the first quarter of 2025, but its future remains uncertain after years of financial losses. Sources - https://ir.spirit.com/news-releases/n... https://ir.spirit.com/news-releases/n... https://www.cnbc.com/2024/11/18/spiri... https://apnews.com/article/spirit-air... • Spirit Airlines CEO on Frontier merger: Th... • Spirit Airlines files for chapter 11 bankr... The First images are from Frontier in JetBlue, respectively I also upload 1:400 scale model airport videos on this channel.