Spirit Airlines Makes Major Move After Second Bankruptcy Filing

Last year, Spirit Airlines filed for bankruptcy for a second time in 12 months. However, it sounds like the airline has successfully reached a deal to emerge from bankruptcy just a few months later, but there's a catch.

While the deal will allow Spirit Airlines to survive when it was on the brink of going out of business, it also means that the airline will be moving forward as a smaller company.

Spirit's Financial Woes

Back in August, Spirit Airlines filed for bankruptcy for...