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Benzinga
  • 7 months ago
Spirit Airlines has emerged from bankruptcy, according to CNBC. CEO Ted Christie stated the airline is now leaner and prepared to compete with rivals.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Spirit Airlines has emerged from bankruptcy, according to CNBC.
00:05CEO Ted Christie stated the airline is now leader and prepared to compete with rivals.
00:09Legend Airline pioneered a la carte pricing and has been offering more bundled ticket options.
00:14Spirit posted a net loss of over $1 billion last year, impacted by grounded jets,
00:18rising costs, and a failed merger with JetBlue Airways.
00:21The airline rejected recent merger proposals from Frontier Airlines and said it remains
00:25focused on stabilizing operations post-bankruptcy.
00:29The company plans to relist its shares on a stock exchange, but has not set a date.
00:33For all things money, visit Benzinga.com slash GSTV.
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