Another company has filed for bankruptcy and this one hits the budget travelers. Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday with the budget airlines citing continuing rising losses,

The country's largest budget carrier will cut its year-end schedule by 20 percent as it struggles to return to profitability.

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt maturities.

Spirit Airlines Inc.'s equity has been wiped out by its bankruptcy announced early Monday, but the company's most active bond is rallying. The company has been handed over to bondholders as part of a

Spirit Airlines says passengers will be unaffected by its Chapter 11 filing. US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts.

Spirit Airlines Inc. told customers Monday that they should continue feeling comfortable booking flights “now and in the future,” despite the airline filing for bankruptcy.