Spirit Airlines is preparing to cut jobs as it plans to significantly reduce capacity during its second round of Chapter 11 bankruptcy. CEO Dave Davis told staff in a memo on Wednesday that the ...

Spirit Airlines is immediately receiving $50 million as part of its third draw from its debtor-in-possession financing.

Spirit Airlines filed for bankruptcy in August, its second filing in a year. The budget airline has been cutting routes and jobs as it seeks to emerge leaner. Travelers may see fewer low-cost flight ...