Spirit Airlines files for bankruptcy protection but plans to keep flying

Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday's announcement follows years of losses and a failed merger attempt for the low-cost carrier.

Spirit Airlines files for bankruptcy protection but plans to keep flying
A Spirit Airlines plane prepares to depart from the Austin-Bergstrom International Airport. The low-cost carrier plans to keep flying as it files for Chapter 11 bankruptcy protection.

Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday's announcement follows years of losses and a failed merger attempt for the low-cost carrier.

(Image credit: Brandon Bell)