Spirit Airlines reportedly set for bankruptcy filing
It looks more likely struggling Spirit Airlines will enter bankruptcy protection.
It comes as a planned deal with Frontier Airlines has broken down.
This saw Spirit’s stock price plunge a massive 60%.
The Wall Street Journal reported Spirit Airlines is now in advanced talks over a bankruptcy filing.
A planned merger with JetBlue and Spirit Airlines worth about $3.8 billion was blocked earlier this year.
Although Spirit was given time to renegotiate debt repayments with bondholders, its best option may be to file for Chapter 11 bankruptcy protections
The WSJ says a filing may happen within a few weeks.
The airline has already cut pilot jobs and agreed to sell off some jets to cut expenses.
Related News Stories:
Related News Stories: Spirit Airlines reportedly set for bankruptcy filing Spirit Airlines stock plunges 59% as company reportedly preps ... Spirit Airlines Shares Nosedive After Reportedly Exploring Bankruptcy Spirit Airlines explores possible Bankruptcy filing Spirit Airlines Stock Plunges on Report of Potential Bankruptcy Filing Spirit Airlines reportedly in talks to file for bankruptcy months after ... Spirit Airlines reportedly considering bankruptcy | Fortune Spirit Reportedly Considers Bankruptcy Filing | AirlineGeeks.com Spirit Airlines stock plunges 59% as company reportedly preps ... Spirit Airlines Reportedly On The Brink Of Filing For Bankruptcy
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Pat FenderNov 14, 2024 01:16 AM
According to the new airline rules doesn't Spirit Airlines have to refund our money if we have credit for future flights??
Log in to ReplyHave your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025