The Travel Top 10

AIRLINE NEWS

Spirit Airlines Restructures for Long-Term Success Amid Chapter 11 Filing

Spirit Airlines has announced a restructuring plan supported by a supermajority of bondholders to reduce debt and strengthen its financial position. While the airline undergoes a prearranged Chapter 11 process, operations, flights, and loyalty programs remain unaffected. Backed by $350 million in equity investment and $300 million in financing, Spirit aims to equitize $795 million in debt and emerge from bankruptcy by early 2025. CEO Ted Christie emphasized the airline’s commitment to enhancing guest experiences and delivering value, even as its stock is delisted. Travelers can continue booking and flying as usual during the process.

CRUISE NEWS

Surprising Spike in Cruise Travel Amid Record Thanksgiving Travel Numbers

Nearly 80 million Americans are expected to travel this Thanksgiving, surpassing pre-pandemic levels and setting a new record, according to AAA. While road trips remain the top choice, a surprising trend is the 20% increase in cruise bookings compared to last year, with both domestic and international sailings growing in popularity. This surge contributed to an 18% jump in travel by "other modes," including buses and trains. AAA attributes the rise to the appeal of stress-free cruising during the holiday season. With lower gas prices and discounted international flights, this Thanksgiving is shaping up as a busy time across all travel modes.