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  A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines  has filed for Chapter 11  bankruptcy protection , becoming the first major U.S. passenger carrier to do so since  American Airlines  13 years ago. The budget-travel icon is not shutting down, however. The filing will buy Spirit time and protection to restructure so the carrier can continue flying and bringing in sorely needed cash. CEO Ted Christie wrote to customers on Monday to reassure them that they can continue to book flights and use loyalty points or credits normally. Here’s what travelers need to know: Why did Spirit file for bankruptcy? Spirit Airlines has been losing money since 2019, but its financial woes worsened after the pandemic, when industry costs climbed, dozens of its Airbus jets were grounded because of an engine recall and a federal ...

  n Evans Alex Harring Traders work on the New York Stock Exchange floor on Nov. 12, 2024. Spencer Platt | Getty Images Stocks tumbled on Friday as the postelection rally fizzled and investors fretted over the path of interest rates. The  Dow Jones Industrial Average  lost 305.87 points, or 0.70%, to end at 43,444.99. The  S&P 500  slipped 1.32% and closed at 5,870.62, while the  Nasdaq Composite  fell 2.24% to 18,680.12. Declines in pharmaceutical stocks weighed on the 30-stock Dow and the S&P 500, with  Amgen  down about 4.2% and  Moderna  off by 7.3%. President-elect  Donald Trump  said on Thursday that he  planned to nominate vaccine skeptic Robert F. Kennedy Jr.  to lead the U.S. Department of Health and Human Services. The  SPDR S&P Biotech ETF (XBI)  tumbled more than 5% and posted its worst week since 2020. The information technology sector of the S&P 500 was the worst-performing...