#TSRBusiness: #SpiritAirlines has been discussed as possibly filing for bankruptcy, and on Monday, the airline announced that it had officially filed. ____________________________________ According to apnews, Spirit cited a struggle to recover after the pandemic and a failed attempt to sell the airline to #JetBlue as reasons for its financial woes. It has been noted that the airline has lost more than $2.5 billion since the start of 2020, and the amount for the debt payments over the next year is approaching $1 billion. ____________________________________ As the company works its way through a prearranged Chapter 11 bankruptcy process, it expects to continue to operate as usual. Customers can still book and fly with the airline without interruption. ____________________________________ Back in August, the airline’s CEO, Ted Christie, spoke with bondholder advisers and said, “The chatter in the market about Spirit is notable, but we are not distracted. We are focused on refinancing ...