New York CNN —
Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other airlines left it little choice.
The airline said it will continue to operate as it restructures its debt.
“Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal,” it said in a statement.
Airlines and other companies in the United States frequently file for bankruptcy and emerge stronger on the other side of the
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