Since the start of 2020 the airline has lost more than $2.5 billion and has built up looming debt payments in 2025 and 2026 which total more than $1 billion.

A 5-acre city park, funded by a $15 million donation from Toyota and $4 million from the city of Plano, is also planned.

The low-cost airline filed for bankruptcy protection Monday. It will continue to operate as it seeks to restructure its debt.

For months, bankruptcy concerns have swirled around Spirit. A planned merger with JetBlue was stopped by the federal ...

After Synapse filed for bankruptcy, Evolve froze access to Yotta customers' accounts blaming Synapse for 'turning off system access for Evolve,' reported Banking Dive. Yotta customers have been unable ...

Spirit Airlines Inc. filed for voluntary, prearranged chapter 11 bankruptcy early Monday after reaching an agreement with its bondholders, capping a tumultuous period for the low-cost airline in which ...

Yet Barnett also brings up an economic issue that was not widely discussed during the campaign: Social Security. Barnett is ...

Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for ...

LATAM Airlines is executing well, with double-digit operating margins and a strong path to deleveraging. Learn why LTM stock ...

Takata was pushed into bankruptcy after being involved in the complex, expensive recall of explosive airbags. The dangerous ...

Red Lobster's new CEO recently mocked past leadership for financial missteps like the disastrous endless shrimp deal.

City attorneys point to transfer of troubled properties to South Dakota shell companies and siphoning money from bank ...