Budget Carrier Spirit Airlines Files for Bankruptcy

KEY TAKEAWAYSSpirit Airlines shares are rising in premarket trading after the budget carrier said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders.Still, its shares are down more than 90% this year through Friday's close.Spirit said its its flights will continue normally during the bankruptcy process. Spirit Airlines (SAVE) said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders. Its s ...