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Spirit Airlines Explores Bankruptcy Filing

  • Spirit Airlines Inc is reportedly in discussions with bondholders about a potential bankruptcy filing after a failed merger with JetBlue Airways.
  • The airline is considering a Chapter 11 filing due to significant financial challenges and a $3.3 billion debt load.
  • Spirit’s inability to turn an annual profit since before the COVID-19 pandemic has exacerbated its financial issues, along with the impact of grounded planes.
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