Spirit Airlines announced its intentions to continue flying despite filing for a “prearranged” Chapter 11 bankruptcy protection that helps them stay in business, stated a press release. The bankruptcy filing comes after the agency faced sweeping losses and immense debt,

Years of losses and two failed mergers have caused the ultra-low-cost carrier’s stock price to tumble 92% in the past year. But Spirit says it will bounce back.

Share on Facebook Share on Twitter In a move widely expected, Spirit Airlines announced Monday that it has filed for Chapter 11 bankruptcy protection, saying they intend to spend the next year attempt