12h

A newly filed bankruptcy report reveals the ultra-low-cost carrier was spending $1.61 for every dollar it earned — making a proposed $500 million federal rescue little more than a costly delay. Spirit’s Books Tell a Story of Irreversible Decline When Spirit Airlines finally ceased operations on May 2, it wasn’t a sudden stumble — it […] The post Spirit Airlines’ collapse exposes why no bailout could help appeared first on Rolling Out .