Spirit prepares for bankruptcy filing after failed Frontier talks: report

Spirit Airlines is reportedly planning to file for Chapter 11 bankruptcy protection after its latest attempt to merge with Frontier Airlines fell through. 

This marks the second failed merger in less than two years, leaving Spirit facing significant financial challenges. The ultra-low-cost carrier has been struggling to recover from mounting losses and debt maturities. 

The company is expected to file within weeks, people familiar with the matter told The Wall Street Journal. 

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