Spirit Airlines Bankruptcy: How It Affects Holiday Flights In MA [Yahoo! Finance]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: Yahoo! Finance
throughout Chapter 11 bankruptcy proceedings, the discount carrier said in a statement Monday. The nation's largest budget carrier sought bankruptcy protection to reboot its business after a string of quarterly losses and mounting debt, stiffer competition from bigger bare-bones carriers, rising labor costs, and a failed attempt to sell the airline to JetBlue. Spirit customers can continue to book flights and use and accumulate loyalty miles as they normally would and employees and vendors will continue to be paid, the airline said in a statement Spirit has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026. The airline said it received commitments for a $350 million equity investment from existing bondholders and will convert $795 million of its debt into stock in the restructured company. The bondholders will also extend a $300 million loan that, combined with Spirit's remaining cash, will help t
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JBLU
Earnings
- 10/29/24 - Beat
JBLU
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- JBLU's page on the SEC website