Spirit Airlines Explores Bankruptcy Filing

Spirit Airlines sidesteps report of potential Chapter 11 bankruptcy filing, remains focused on overhauling debt

South Florida-based Spirit Airlines indicated it is still focusing on recasting the terms of its debt with bondholders, but did not address a national report that it has discussed a Chapter 11 bankruptcy filing with creditors.

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.

Spirit Airlines Shares Plunge on Potential Bankruptcy Filing

The budget carrier has lost more than 85 percent of its value since it failed to merge with JetBlue Airways earlier this year.

Spirit Airlines stock plummets on report of potential bankruptcy filing

Spirit Airlines shares are sharply lower on Friday after The Wall Street Journal reported that the ultra-low-cost carrier is engaging in talks with bondholders and creditors about the possibility of filing for bankruptcy.It has reportedly mulled an "out-of-court transaction" for restructuring too, the Journal reported Thursday.The potential bankruptcy filing comes after Spirit's failed $3.8 million merger with JetBlue Airways. JetBlue announced …

Problems keep piling up for budget airlines like Spirit Airlines — so get set to pay more

Spirit Airlines posted a net loss of $192 million in the second quarter.Kevin Carter/Getty ImagesSpirit Airlines is considering filing for bankruptcy protection, The Wall Street Journal reported.Its struggles are indicative of the wider issues faced by budget airlines as labor and fuel costs rise.Low-cost carriers are shifting their business models to cope with stuttering profitability.In another sign of the problems faced by budget airlines, Th…

Spirit Airlines Explores Bankruptcy; JetBlue, Frontier Rally

Spirit Airlines is weighing Chapter 11 bankruptcy after its $3.8 billion merger with JetBlue fell through. Airline stocks active, Delta earnings due. The post Spirit Airlines Explores Bankruptcy; JetBlue, Frontier Rally appeared first on Investor's Business Daily.