Spirit Airlines filing for bankruptcy as it faces looming debt payments

Spirit Airlines has filed for Chapter 11 bankruptcy due to financial struggles exacerbated by the pandemic. Despite offering low fares, the airline has faced challenges in regaining travelers, who perceive its service as inadequate. The airline industry, however, is recovering faster than expected, with record revenues and flights anticipated. Spirit's tickets and loyalty points remain valid, and the airline is not alone in facing bankruptcy, as other major US airlines have done so in the past.

What financial step did Spirit Airlines take to address its challenges?

• Filed for Chapter 11 bankruptcy

• Increased ticket prices

• Launched a new marketing campaign

• Merged with another airline

According to aviation historian Janet Bednarek, what is the difference travelers see between low service and no service?

• Travelers are willing to pay more for some service

• No service is more reliable

• No service offers more amenities

• Low service is cheaper

What trend is the International Air Transport Association observing in the airline industry?

• Decrease in scheduled flights

• Record revenue and flight numbers

• Increase in airline bankruptcies

• Decline in passenger interest

What assurance does Spirit Airlines provide to its passengers despite its financial issues?

• Prices will be reduced further

• Tickets and loyalty points remain valid

• All flights are canceled

• New routes will be added

Which major US airline filed for bankruptcy in 2011 and later merged with another airline?

• Delta Airlines

• Spirit Airlines

• United Airlines

• American Airlines