Reflecting on Spirit Airlines’ Ethical Path Through Bankruptcy
What is Ethics? Ethics means knowing and negotiating the line separating good from bad. It covers the actual actions we take depending on those values as well as the guiding ideas that enable us to decide. Current Event Insight Spirit Airlines recently filed for Chapter 11 bankruptcy, inviting a review of their ethical obligations amidst challenging circumstances. Information on this is available in a FAQ The Points Guy produced, which describes what this implies for the airline and its customers. (The Points Guy,2024) Why This Topic? I choose to talk about Spirit Airlines' bankruptcy since it offers a real-world case study of how a company negotiates financial difficulty while trying to uphold moral standards. This moving illustration of the tightrope walk between juggling the financial situation of a company and its obligations to its stakeholders. My Perspective While most people perceive bankruptcy as a financial tool, it closely aligns with ethical decision-making. Alth...