Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down
KEY TAKEWAYS Spirit Airlines shares are plunging more than 60% in premarket trading on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings collapsed.
Will Spirit Airlines go bankrupt? Stock price collapses after merger talks with Frontier reportedly end
The embattled discount airline is in rough financial shape, with shares falling 64% in premarket trading on Wednesday. Here’s the latest. Shares in Spirit Airlines (NYSE: SAVE) are trading down over 64% in premarket as of this writing.
Spirit Airlines preparing for bankruptcy amid failed merger and financial turmoil
Spirit Airlines is now reportedly in advanced talks over a possible bankruptcy filing following a failed merger and continued financial struggles, The Wall Street Journal reported Tuesday evening. The company had been exploring a merger with another low-cost airline,
JetBlue Shares Soar, Spirit Airlines Mulls Bankruptcy Amid Airline Industry Shakeup
JetBlue shares rose as Spirit Airlines faces potential bankruptcy, affecting investor confidence and industry dynamics.
Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.
On the edge: Spirit bankruptcy filing beckons as Frontier merger talks fail
Spirit Airlines has taken a massive step closer to a Chapter 11 bankruptcy filing as potential merger talks with Frontier fail.
JetBlue stock soars as Spirit mulls bankruptcy
Shares in Queens-based JetBlue were soaring by about 16% in early trading today as shares in competitor Spirit Airlines tumbled following reports the ultra-low-cost carrier is preparing to file for bankruptcy protection.
JetBlue Airways Shares Rise 16% as Potential Spirit Bankruptcy Plays Out
JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares were trading around $7.30. The stock is up 32% on the year and is on pace for its largest percentage increase since Feb. 13.
Spirit Airlines planning to file for bankruptcy, stock plummets after merger collapse
Spirit Airlines is reportedly planning to file for bankruptcy following the collapse of a proposed merger with Frontier Airlines that sent its stock into rapid decline.
Spirit Airlines, which flies out of Logan Airport, may be filing for bankruptcy. Here's what to know
BOSTON - A popular airline that flies out of Boston's Logan Airport is looking at a future that's in jeopardy. Revenue down. CBS News sources said Spirit Airlines is preparing to
Spirit Airlines stock plunges 59% amid report of bankruptcy deal
Spirit Airlines' stock plunged 59% on Wednesday as the budget airline worked with creditors to restructure debt amid reports the company could file for bankruptcy protection within the next few weeks.
Ya Libnan News1d
The DOJ’s costly mistake: Blocking the JetBlue-Spirit merger leaves travelers paying more”
By blocking the merger, the DOJ effectively stopped JetBlue from preserving Spirit’s ... With fewer competitors, ...
Why JetBlue Rallied Today
JetBlue could certainly use the help. Outside of the big four airlines, other smaller players have struggled to remain profitable in the cutthroat airline industry. Last quarter, JetBlue reported a ...
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with ...