Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.The company said in a stock market statement that it had secured a prearranged deal with bondholders that includes $300 million in financing to keep it afloat,

Spirit Airlines officially filed for bankruptcy protection Monday after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses, failed merger attempts and looming debt maturities.

Spirit told passengers they can continue to book flights and travel with the airline following its decision to file for Chapter 11 protection.