Published 10/04/2024 8:45:00 a.m.

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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Reuters

Spirit Airlines in talks with bondholders over terms of potential bankruptcy filing, WSJ reports

Spirit Airlines is in talks with bondholders over terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways , the Wall Street Journal reported on Thursday, citing people familiar with the matter.

10/03/2024 10:05:05 p.m.·United Kingdom

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The Washington Post

Spirit Airlines struggles to reach rescue deal to avoid bankruptcy

Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a snag after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.

10/04/2024 7:05:00 a.m.

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New York Post

Spirit Airlines shares rocked by possible bankruptcy filing months after failed JetBlue deal

Spirit Airlines is in talks with bondholders over terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways, the Wall Street Journal reported Thursday, citing people familiar with the matter.

10/03/2024 11:04:22 p.m.·New York, United States

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CNBC

Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here

A blocked merger with JetBlue, an engine recall and changing consumer habits contributed to Spirit's troubles.

10/04/2024 8:13:16 p.m.·United States

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Benzinga

Spirit Airlines Engages In Bankruptcy Talks Amid Financial Struggles: Report

Spirit Airlines Inc (NYSE:SAVE) is reportedly in discussions with bondholders regarding the terms of a potential bankruptcy filing. The budget airline is exploring restructuring options following a failed merger with JetBlue Airways Corporation (NASDAQ:JBLU). What Happened: Spirit is considering a Chapter 11 filing as it grapples with significant financial challenges. The airline is also looking into restructuring its balance sheet through an ou…

10/04/2024 2:15:00 a.m.·New York, United States

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