Spirit Airlines is on track to emerge from Chapter 11 bankruptcy thanks to the private takeover of multibillion-dollar bondholders like Ken Griffin's Citadel Advisors.

The United States Bankruptcy Court for the Southern District of New York approved the plan, which equitizes “$795 million of funded debt, receive $350 million in new equity investment and issue $840 ...

Don't expect the new KCI to get a case of the terrible 2's as it celebrates the second anniversary of its opening.

People see fewer Spirit mishaps in FAA statements on aviation incidents because there are fewer Spirit flights, Kiernan said. This makes it more difficult to conclude that Spirit is actually safer ...