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.
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Spirit Airlines faces potential bankruptcy due to debt restructuring challenges, but bankruptcy isn't the base case scenario.
2don MSN
A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a failed merger with JetBlue.
Shares of Spirit Airlines fell by over 30% on Friday, pacing the company’s worst loss since a merger with JetBlue Airways was ...
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