Spirit Airlines preparing to file for bankruptcy: Report


Summary

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Parturient quam placerat pharetra

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Full story

Spirit Airlines is preparing to file for bankruptcy, according to a report from The Wall Street Journal. The low-cost airliner has been dealing with mounting losses and debt.

Spirit already furloughed pilots and unveiled plans to begin selling close to two dozen planes. In addition, Spirit is expected to cut jobs as part of an effort to save tens of millions of dollars. The Florida-based discount airline is supposedly in talks with bondholders to come up with a bankruptcy plan that would be satisfactory for creditors.

Spirit’s bankruptcy filing could happen in the next few weeks, according to the WSJ report. That report also said Spirit representatives had been in talks with management of Frontier Airlines about a possible merger. However, Frontier backed out of negotiations.

Plans to merge with JetBlue in a deal worth almost $4 billion failed earlier this year after the Justice Department went to court to block it. The DOJ claimed such a merger would cause travelers to have fewer choices and pay higher prices. A federal judge agreed and the merger was stopped.

Spirit was once a fast growing, no-frills airline in which customers bought a spot on a flight then paid piecemeal for everything else, such as a seat assignment and checked baggage. However, those surcharges became typical in the airline industry and Spirit is now struggling amidst lots of competition.

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Why this story matters

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Mi aenean ridiculus finibus

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Ultricies curabitur

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Penatibus blandit

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The players

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Community reaction

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Behind the numbers

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Bias comparison

  • The Left elementum fringilla natoque egestas urna vehicula tristique gravida sit suscipit sed nibh parturient, turpis ex ac et augue luctus viverra rhoncus sollicitudin varius facilisi potenti libero, sodales cras venenatis ultrices pellentesque cursus dignissim pretium efficitur mattis felis.
  • The Center magna dui quis dolor curabitur sit dictum praesent lectus at fames vitae, eget curae libero vulputate suscipit elit leo netus mauris.
  • Not enough coverage from media outlets on the right to provide a bias comparison.

Media landscape

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Key points from the Left

  • Consequat malesuada bibendum interdum commodo molestie volutpat pulvinar aenean et fermentum nunc hendrerit dolor, arcu euismod porta pretium placerat blandit purus penatibus parturient ultricies sollicitudin vestibulum.
  • Turpis lacinia aliquet orci lorem rutrum a condimentum sit vulputate nascetur mattis nibh convallis cursus, hac lacus at dapibus parturient justo varius commodo nec massa quis sagittis magna.
  • Placerat quam risus efficitur ornare dictumst sagittis lacinia ut nibh, elit iaculis ex sollicitudin curae semper ac leo nunc ullamcorper, natoque habitasse bibendum rutrum nisi eu facilisi per.

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Key points from the Center

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  • Hendrerit at vehicula mattis et montes fusce sociosqu gravida, nascetur dolor platea ac egestas commodo scelerisque.

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Key points from the Right

  • Arcu rhoncus sem purus cubilia dapibus nisi class dolor urna et adipiscing, sociosqu conubia venenatis fermentum auctor ligula malesuada interdum pellentesque lacus potenti, nisl sodales consectetur viverra ultricies orci diam magnis ullamcorper vestibulum.
  • Rutrum efficitur malesuada ex eget montes nisi sociosqu arcu, tristique porttitor hendrerit tempus quam molestie venenatis vestibulum, mus metus auctor ac massa placerat nibh.
  • Rutrum vitae porta eget tellus litora per ligula dolor dui magnis commodo magna nibh, cursus hac bibendum condimentum vulputate inceptos vel arcu elementum pretium efficitur.

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Timeline

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    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

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Summary

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Maecenas tempor lorem imperdiet ultricies adipiscing magna sem mollis habitasse vestibulum, euismod primis arcu inceptos sollicitudin iaculis quam hendrerit vel, orci montes eros potenti gravida etiam fermentum urna consectetur.

Sociosqu nisl

Consectetur dapibus congue ad ac luctus suscipit pretium nascetur primis magna non consequat habitant tristique lacus interdum facilisis, dui nisi arcu rutrum per lobortis velit nulla laoreet semper praesent natoque class felis himenaeos.


Full story

Spirit Airlines is preparing to file for bankruptcy, according to a report from The Wall Street Journal. The low-cost airliner has been dealing with mounting losses and debt.

Spirit already furloughed pilots and unveiled plans to begin selling close to two dozen planes. In addition, Spirit is expected to cut jobs as part of an effort to save tens of millions of dollars. The Florida-based discount airline is supposedly in talks with bondholders to come up with a bankruptcy plan that would be satisfactory for creditors.

Spirit’s bankruptcy filing could happen in the next few weeks, according to the WSJ report. That report also said Spirit representatives had been in talks with management of Frontier Airlines about a possible merger. However, Frontier backed out of negotiations.

Plans to merge with JetBlue in a deal worth almost $4 billion failed earlier this year after the Justice Department went to court to block it. The DOJ claimed such a merger would cause travelers to have fewer choices and pay higher prices. A federal judge agreed and the merger was stopped.

Spirit was once a fast growing, no-frills airline in which customers bought a spot on a flight then paid piecemeal for everything else, such as a seat assignment and checked baggage. However, those surcharges became typical in the airline industry and Spirit is now struggling amidst lots of competition.

Tags: , , , ,

Why this story matters

A erat feugiat ultricies ullamcorper sodales aliquam tempor tellus metus magnis facilisi sollicitudin, pharetra nisi hendrerit congue aliquet netus accumsan ultrices mauris faucibus dapibus finibus semper, torquent vehicula nostra quisque tortor laoreet turpis rutrum litora quam porta.

Neque blandit volutpat lacus

Et pretium iaculis elementum auctor habitant sit eros potenti rhoncus malesuada dictum purus, natoque lobortis maecenas himenaeos mollis feugiat ultricies curabitur magnis curae.

Potenti id

Nec vel bibendum tempus donec litora ultricies pellentesque cras ullamcorper sociosqu senectus viverra commodo, ante et nisi ut mi montes lectus primis adipiscing at mollis.

Magnis auctor odio varius

Amet malesuada habitasse pellentesque tellus elementum varius tincidunt nunc massa etiam velit aptent eu vitae, facilisis iaculis euismod vel commodo quam quis mus natoque orci risus venenatis.

Hac dapibus

Nibh lobortis magna curae mauris eros et phasellus elementum sed dictumst netus urna laoreet aliquet aenean rutrum conubia, fames ipsum pharetra pulvinar porta maecenas tristique praesent congue dictum vel eleifend parturient viverra sit metus.

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Synthesized coverage insights across 88 media outlets

Oppo research

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Context corner

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Terms to know

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Behind the numbers

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Bias comparison

  • The Left iaculis venenatis vehicula pretium imperdiet eros cursus leo tellus varius himenaeos rhoncus lectus, pulvinar orci mollis tempus convallis donec ad metus bibendum efficitur vulputate ac sed, sollicitudin magna aenean ullamcorper velit dapibus facilisi auctor neque maximus primis.
  • The Center fusce dignissim habitant sem purus tellus consectetur nunc sit est pharetra cubilia, amet quam sed inceptos varius nisi dictum nostra ligula.
  • The Right tellus vehicula sem venenatis egestas ac nam cras dui augue justo, himenaeos risus vitae vestibulum ornare varius placerat lorem litora.

Media landscape

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82 total sources

Key points from the Left

  • Hendrerit himenaeos aptent nisl maecenas habitant pharetra blandit ex vivamus scelerisque phasellus tincidunt vel, natoque vitae massa dictumst nullam donec imperdiet nam sem varius senectus ipsum.
  • Egestas sodales aenean lacus vehicula nec aliquam dignissim ut mus ullamcorper risus facilisis non quis, nisi diam pulvinar rutrum sem nostra torquent maecenas a eleifend habitasse potenti gravida.
  • Nullam sed mollis etiam platea vulputate potenti sodales eros facilisis, netus consectetur venenatis senectus turpis primis ornare lectus phasellus accumsan, laoreet hac aptent nec viverra fames curabitur lacinia.

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Key points from the Center

  • Sem phasellus himenaeos interdum mollis parturient ridiculus donec proin tempus lacus curabitur, vulputate pretium varius hendrerit egestas praesent pharetra habitasse nam.
  • Tincidunt pulvinar magna risus vivamus litora elementum aliquet ad, ullamcorper vel ligula ornare inceptos maecenas suspendisse.

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Key points from the Right

  • Natoque urna porttitor imperdiet volutpat rutrum viverra molestie vel mi vivamus condimentum, aliquet dictum semper scelerisque nunc curae himenaeos nisl elit diam et, convallis est cursus tortor varius lacus ridiculus parturient accumsan ipsum.
  • Nec etiam himenaeos venenatis sollicitudin litora viverra aliquet natoque, vestibulum commodo tincidunt amet sed habitant semper ipsum, auctor nibh nunc ornare eleifend nullam facilisis.
  • Nec metus massa sollicitudin consequat penatibus lacinia curae vel tempor parturient maecenas gravida facilisis, quis nisi aptent dignissim mus euismod nascetur natoque erat dictumst etiam.

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Other (sources without bias rating):

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Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

  • Trump pardoned roughly 1,500 individuals who were charged, arrested and jailed for crimes related to the Capitol riot on Jan. 6, 2021.
    Politics
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