Spirit Airlines CEO Dave Davis warned staff that the airline is cutting a quarter of its flight schedule in November as it restructures its business in its second bankruptcy in less than a year. A Spirit Airlines aircraft prepares for departure at the Austin-Bergstrom International Airport on Feb. 12, 2024, in Texas. Burdened with debt, Spirit first sought Chapter 11 protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier. It emerged from its first bankruptcy in March, only to return to bankruptcy just five months later. A Spirit Airlines plane taxis at Los Angeles International Airport on June 1, 2023, in California.