Spirit Airlines told travelers they can keep booking and flying with the carrier after filing for bankruptcy protection on Monday.
Budget airlines such as Spirit have struggled since the pandemic as some passengers appear willing to pay more for flights.
Spirit faced further difficulties when its planned merger with JetBlue was called off in March after a federal judge blocked it in January.
It expects to emerge from the process in the first three months of 2025.
Read the open letter Spirit sent to customers:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.