Spirit Airlines is in hot water once more, declaring bankruptcy for the second time in less than a year. After facing severe financial challenges, the no-frills airline has opted for Chapter 11 bankruptcy protection. Here’s a quick rundown:

• Second Bankruptcy: Spirit Airlines is filing for Chapter 11 again, a shocking move for many.
• Financial Troubles: The airline has struggled with ongoing financial issues, prompting this drastic decision.
• Industry Impact: The news raises concerns about the future of low-cost carriers amidst rising operational costs.

Read on for the full story.