Spirit Airlines shares plunge on report of potential bankruptcy filing
Shares of Spirit Airlines plunged 37% to a record low on Friday after a report that the ultra low-cost carrier was discussing a potential bankruptcy filing. The airline has been losing money despite strong travel demand, raising doubts about its ability to manage looming debt maturities.
Spirit Airlines might go bankrupt months after calling off a sale to JetBlue—and its stock is in a tailspin
Discount carrier Spirit Airlines is reportedly considering a Chapter 11 bankruptcy filing following its failed merger with JetBlue. The Wall Street Journal reports the airline has been in discussions with bondholders over the possible filing,
Spirit Airlines Shares Plunge 30% As Airline Reportedly Explores Bankruptcy
Shares of Spirit Airlines fell by over 30% on Friday, pacing the company’s worst loss since a merger with JetBlue Airways was blocked earlier this year, after reports indicated the low-cost airline was exploring bankruptcy. Spirit’s shares dropped to just over $1.50 as of around 9:50 a.m. Friday, following an earlier plunge in premarket trading.
Spirit Airlines Stock Tumbles 35% Amid Bankruptcy Report. Why It’s in This Mess.
The stock crashed 34% to $1.39 in premarket trading, putting it on course to open at a record low. Even before Friday’s plunge, Spirit shares were down 86% for the year with inv
Down 97%, Is It Time to Buy Spirit Airlines Stock?
Investors don't really have much to be optimistic about here. According to Wall Street consensus analyst estimates, Spirit's sales are expected to be down 7.7% for all of 2024, before rising just 1.8% in 2025. This is a discouraging near-term outlook.
Spirit Airlines Faces Potential Bankruptcy as Oct. 21 Deadline to Renegotiate $1 Billion Debt Looms
The airline is grappling with over $1 billion in debt, and a looming October 21 deadline to renegotiate that debt has sparked concern. These challenges come after the collapse of Spirit’s planned acquisition by JetBlue, which was blocked by a federal judge earlier this year due to antitrust concerns.
Spirit Airlines stock price takes a nosedive after report of possible bankruptcy. What’s happening with the low-cost airline?
Shares of Spirit Airlines fell significantly in premarket trading today after WSJ reported the low-cost carrier is considering bankruptcy.
Spirit Airlines Stock Tumbles on News Carrier Is Exploring Bankruptcy Filing
Shares in Spirit Airlines (SAVE) sank, after the Wall Street Journal reported that the budget carrier has been discussing a poss
Low cost carrier Spirit Airlines struggles to avoid bankruptcy
Spirit’s shares sank as much as 42% in premarket trading Friday and its so-called “loyalty bonds,” about $1 billion of 8% notes due 2025, declined as much as 6 cents on the dollar to 45 cents, according to pricing source Trace.
Spirit Airlines stock plunges 38% on report it's considering filing for Chapter 11 bankruptcy
A Chapter 11 bankruptcy could let Spirit Airlines restructure its debt following a failed merger with JetBlue.
Spirit Airlines: Bankruptcy Risk Is Real, But Fears Remain Overstated
Spirit Airlines faces potential bankruptcy due to debt restructuring challenges, but bankruptcy isn't the base case scenario.
Spirit Airlines Explores Bankruptcy Filing
The budget carrier has been discussing a possible restructuring agreement to be implemented in chapter 11.
Problems keep piling up for budget airlines like Spirit Airlines — so get set to pay more
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Spirit shares took a nosedive on news of a possible bankruptcy filing. The budget carrier and its bondholders have discussed ...