Spirit Airlines Engages Advisers to Explore Repeat Restructuring

A Spirit Airlines plane at New York’s LaGuardia Airport. Photo: Michael Nagle/Bloomberg NewsSpirit Airlines is exploring strategic alternatives after its recent financial restructuring failed to put the budget carrier on a sustainable path, people familiar with the matter said.The budget airline has brought on financial adviser PJT Partners as it navigates a cash crunch that it previously said raises doubt about its ability to continue as a going concern. It is also working with consulting firms FTI and Sea ...