**Breaking News: Spirit Airlines Plunges into Chapter 11 Bankruptcy!**

In a shocking turn of events, Spirit Airlines, the seventh-largest airline in the United States, has officially filed for Chapter 11 bankruptcy protection, marking the first major airline to do so in over a decade. This dramatic move comes on the heels of a tumultuous period for the airline, which has seen its stock plummet by a staggering 90% since early 2024.

The airline’s financial woes are attributed to a combination of misfortunes, including operational challenges and fierce market competition. Just weeks before the bankruptcy announcement, Spirit furloughed around 330 pilots and downgraded 120 captains, signaling deep-rooted issues within the company. With a fleet of grounded jets and ongoing problems with Pratt & Whitney engines, Spirit finds itself in a precarious position as it struggles to maintain operations amidst a saturated market.

This bankruptcy filing isn’t just a corporate formality; it’s a desperate bid for survival. While Chapter 11 allows Spirit to restructure its debts and continue operations, the future remains uncertain. Analysts are already speculating about the airline’s possible merger with Frontier Airlines, a move that could reshape the competitive landscape of the industry. However, regulatory hurdles loom large, as government scrutiny over airline mergers has intensified in recent years.

As Spirit navigates this critical juncture, the implications for travelers and the broader airline market are profound. Will Spirit emerge from this crisis stronger, or is this the beginning of the end for the ultra-low-cost carrier? With the aviation landscape shifting rapidly, all eyes are on Spirit Airlines as it fights to stay aloft in turbulent skies. Stay tuned for updates on this developing story.