Spirit Airlines, known for its no-frills flying and ultra-low fares, filed for bankruptcy twice in a year. It's now canceling routes and cutting jobs.

Spirit Airlines is slashing flights in a desperate effort to stem losses, and it could affect how much you pay for your holiday travel.

The latest filing reports that Spirit remains in the state of a debtor-in-possession under the supervision of the U.S. Bankruptcy Court for the Southern District of New York and borrowed up to $275 million in revolving credit to make more pressing debt payments and continue operations until the end of the year.

The company told investors on November 11 that it had 'substantial doubt' it would be able to remain in business over the next year.

Spirit Aviation Holdings Inc. is cutting 150 roles in both corporate and operational positions as it seeks to emerge from its second bankruptcy filing in less than a year.

As Spirit Airlines Pulls Back, Competitors Step In is available to both Aviation Week & Space Technology and AWIN subscribers. Subscribe now to read this content, plus receive critical analysis into emerging trends, technological advancements, operational best practices and continuous updates to policy, requirements and budgets.

Spirit Airlines told staff that it cut 150 operational and corporate jobs as it reduces costs during its second round of bankruptcy.

Low-cost carriers have long cut into the bottom line of major airlines. But more than being critical of a competitor, Kirby was suggesting that the low-cost carrier strategy — offering tickets that get closer and closer to free — is unsustainable.

JetBlue Airways is executing an aggressive expansion strategy at Fort Lauderdale-Hollywood International Airport, positioning itself to capture market share as Spirit Airlines, the airport’s longtime dominant carrier,