Spirit Airlines files for bankruptcy protection for second time in a year
1. Spirit Airlines filed for Chapter 11 bankruptcy protection due to cash issues. 2. The airline continues operations but faces ongoing financial struggles. 3. Post-pandemic travel trends challenge the viability of low-cost airlines. 4. Spirit's merger with JetBlue collapsed, adding to its debt problems. 5. The airline posted a $1.2bn net loss last year amid ongoing difficulties.