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Bankruptcy report sends Spirit Airlines shares tumbling – englishtimes.uk

Summary by NY Daily News
Spirit Airlines reportedly plans to file for bankruptcy following the collapse of a proposed merger with Frontier Airlines that led to a rapid decline in its shares. The low-cost carrier hopes bankruptcy protection will help Spirit combat mounting losses and growing debt, according to the Wall Street Journal. The airline’s executives are said to be in “advanced discussions” to find a way forward that would be satisfactory to its investors and cre
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