As fuel costs spike and its reorganization plan weathers scrutiny, Spirit Airlines is again facing questions about its ability to emerge from Chapter 11 as a going concern.
Spirit is requesting bankruptcy court approval for the sale of 20 A320 family aircraft as it seeks a competitive process “to obtain the best possible price.”
Spirit has moved to transfer its two remaining Chicago O’Hare gate leases to United for $30.2 million after previously divesting two gates to American Airlines.
February will see Air Transat enter the Brazil market for the first time, Porter launching service to Nassau and American flying to Bimini, among other routes.
Citing strong performance after the U.S. government shutdown, Frontier expects its fourth quarter results to be at the high end of previously issued guidance.
Heightened speculation on the ULCC’s next move comes just ahead of the winter holiday season, just over a year since its first round of bankruptcy protection.
