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The Wall Street Journal reports that Spirit Airlines (SAVE) has filed for bankruptcy after a possible Frontier Airlines (ULCC) merger fell through. Ÿael Ossowski believes Spirit will need a "pretty big lifeline" to lift it off the tarmac, which could come from the incoming Trump administration. He also discusses the path ahead for budget airlines.

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Next Stop for SAVE: Bankruptcy Courts, What it Means for Budget Travel

Schwab Network

Next Stop for SAVE: Bankruptcy Courts, What it Means for Budget Travel