Spirit Airlines Taps Fledgling Loyalty Programs to Raise $600M

Ben Goldstein September 01, 2020
aircraft
Credit: Rob Finlayson
Spirit Airlines plans to raise $600 million backed by two upstart loyalty programs, part of an effort to boost cash reserves while daily losses continue to mount. On Aug. 31, South Florida-based Spirit announced a private offering of $600 million in senior secured notes due 2025, backed by the core...
Ben Goldstein

Based in Washington, Ben covers Congress, regulatory agencies, the Departments of Justice and Transportation and lobby groups.

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