After Chapter 11 bankruptcy, airline makes surprising comeback

Of the dozens of smaller and mid-range airlines that filed for bankruptcy over the last year, one of the most high-profile names is Spirit Airlines. The future of the Florida-based budget carrier known for its bright yellow livery is looking increasingly uncertain as it struggles under a second Chapter 11 filing less than a year after the first. Another major carrier to face bankruptcy is Azul Linhas Aereas, or Azul Airlines in English. Launched out of São Paulo in 2008, the budget carrier quickly grew ...