Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with ...

There are scenarios, though, where the bankruptcy play becomes the better option, and it’s when an owner is facing distress ...

As TGI Friday's bankruptcy process moves forward, some of the beleaguered chain's restaurants are afraid they will be stuck handling nearly $50 million in gift cards. If you are a card holder ...

Spirit hasn't announced plans to lay off staff as part of the Chapter 11 bankruptcy process. "The chapter 11 process itself will not impact Team Member wages or benefits, which are continuing to ...

The low-cost carrier announced it has reached a deal with its bondholders to restructure its debts — and expects to continue flying as normal during the bankruptcy process. The airline says it ...

On Thursday, the company said it only had enough cash to support operations for about a week, and that it had secured $100 million in financing to take it through the bankruptcy process ...

For now, it's business as usual. Spirit says it expects to continue operating normally throughout the bankruptcy process, and that travelers can continue making reservations and taking flights ...

Monday's announcement said Spirit entered the bankruptcy process to implement a restructuring support agreement. It added that the restructuring aims to reduce debt and give travelers greater value.

Airlines and other companies in the United States frequently file for bankruptcy and emerge stronger on the other side of the process. Most major U.S. airlines, including the three largest ...

The company has secured financing so all restaurants will operate as usual while it navigates the bankruptcy process. TGI Fridays has “stopped the clock on payments of this month’s rent to ...

It also announced an agreement with bondholders to restructure its debts and raise $300 million to help it operate during the bankruptcy process. “I am pleased we have reached an agreement with a ...