Spirit bankruptcy

The carrier plans to emerge from bankruptcy by late spring or summer.

The ultra-low-cost carrier laid out some broad next steps as it plans for the future.

Executives say several contingency plans are ready, with Fort Lauderdale at the center.

The carrier said late last year that it was considering a merger or sale.

The ultra-low-cost carriers are again at the negotiating table after failed talks in 2022, 2024, and earlier this year.

The carrier’s senior leaders have pledged to take the same pay reduction as their pilot group.

The airline is currently restructuring after declaring bankruptcy in August.

The carrier had planned to take delivery of up to 62 aircraft.