No-frills pioneer Spirit Airlines filed for fresh bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.
The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.
It was forced to raise going-concern doubts earlier this month.
This is a developing story. Please check back for updates.
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