Spirit Shares Crater In After-Hours Trading As It Nears Bankruptcy Deal
Spirit Airlines disclosed it is in talks with its creditors for a restructuring deal, hours after it was reported that the company’s merger talks with rival low-cost carrier Frontier had fallen through.
Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors
Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that it’s currently negotiating with its creditors.
Spirit Airlines Stock Tumbles Amid Bankruptcy Report. What It Means for Shareholders.
Spirit Airlines stock tumbled in premarket trading Wednesday following a report that said the ultra-low-cost carrier was preparing to file for bankruptcy protection.The filing could come within weeks,
Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.
Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down
Spirit Airlines shares plunged Wednesday on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings collapsed.
Spirit Airlines stock plunges 59% amid report of bankruptcy deal
Spirit Airlines' stock plunged 59% on Wednesday as the budget airline worked with creditors to restructure debt amid reports the company could file for bankruptcy protection within the next few weeks.
Spirit Airlines shares plunge on bankruptcy speculation
Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report quarterly financial results because it’s scrambling to reach a deal with creditors.
JetBlue Airways Shares Rise 16% as Potential Spirit Bankruptcy Plays Out
JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares were trading around $7.30. The stock is up 32% on the year and is on pace for its largest percentage increase since Feb.
Goodbye to Spirit, the Worst Airline That Holds Some of My Best Travel Memories
I spent most of 2023 either flying to LA to visit my partner or to a mutually agreed-upon second meetup location, like New ...
Spirit prepares for bankruptcy filing after failed Frontier talks: report
Spirit Airlines is reportedly planning to file for bankruptcy protection in a matter of weeks after revived merger talks with ...
Spirit Airlines Delays Release of Q3 Financial Results as Debt Restructuring Talks Heat Up
Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with ...
Spirit Airlines Moves Toward Bankruptcy Filing After Frontier Drops Merger Bid
The budget carrier is in advanced discussions with bondholders over a filing that could occur within weeks.
Newly launched Spirit Christmas stores by Spirit Halloween are now open
Spirit Christmas stores, a new concept by Spirit Halloween, are now open for business. Six of eight locations across the ...
Spirit Airlines Continues 'Constructive Talks' With Creditors
(Reuters) -Spirit Airlines is in constructive discussion with its creditors and continues to explore strategic alternatives ...
FAA blocks U.S. flights to this country with a ‘do not travel’ advisory after gunfire struck Spirit Airlines plane
The FAA banned flights to Haiti because a Spirit Airlines plane was shot at while it was trying to land in Port-au-Prince, ...
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Spirit Christmas stores now open in New York. Here's where to find them
It's time to start spreading Christmas cheer as two of the eight inaugural Spirit Christmas stores throughout the Northeast ...