While this announcement comes before the busiest travel weekend, Thanksgiving, the airline assured its customers that the tickets they booked are still active and future fares will also be. Spirit’s employees are also “continuing to be paid and honored,” according to the airline.
“This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience, providing new enhanced travel options, greater value and increased flexibility,” Spirit CEO Ted Christie said in a statement.
Spirit made several attempts to right its ship this year. Earlier this summer, it unveiled more travel options, allowing customers to pay for tiered experiences. At the beginning of this year, it went to court against the Justice Department to try to keep its merger with…
