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Stock impact report

Budget airline Spirit files for bankruptcy [Yahoo! Finance]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Yahoo! Finance
But it has stressed to its customers that it will still continue to fly. The airline announced on Monday 18 November that it has entered into a “restructuring support agreement” that has been supported by a supermajority of its bondholders. The filing follows two failed attempts to merge with other airlines, falling stocks and a loss of income due to lower revenues and higher expenses. Spirit says the restructuring should reduce its debt , provide financial flexibility and position Spirit for “long-term success” by investing in passenger experience. Spirit expects to continue operating business as usual while it navigates a prearranged, streamlined Chapter 11 process, which is a declaration of bankruptcy while it reorganises its company and seeks relief. “Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal,” the airline said. They also added the Chapter 11 process itself will not impact employee or vendor Show less Read more
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