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Spirit Airlines, once among the most profitable carriers in the U.S., has become a case study in how quickly an airline can unravel — two bankruptcies, thousands of furloughs, and multiple failed merger attempts in under four years.
The Trump administration is now in advanced discussions to bail out the carrier, including a loan of up to $500 million and a potential government equity stake.
Here’s a timeline of how Spirit got here.
October 2021: Spirit’s Setbacks in Its Pandemic Recovery
Skift reported that the surge in Covid-19 cases and a series of staffing-related operational issues in August forced Spirit to scale back its recovery plans, including reclassifying 2022 as yet another “recovery” year.
Spirit reported a loss of $75 million, excluding the benefit of federal aid, in the third quarter.
February 2022: Frontier Airlines Seeks to Buy Spirit
Frontier Airlines and Spirit Airlines unveiled plans to merge in a de
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