Spirit Airlines mulls bankruptcy, sending its stock price into nosedive [Yahoo! Finance]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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US:NASDAQ Investor Relations:
investor.jetblue.com/investor-relations
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Source: Yahoo! Finance
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. Spirit acknowledged in a regulatory filing late Tuesday that it is in "active and constructive discussions" with bondholders to restructure its obligations as its business woes continue. If the talks succeed, the airline expects operations to continue, and for employees and customers to be shielded from any impact. Spirit declined to comment on the matter. The company's stock price cratered after news surfaced of the potential bankruptcy filing, tumbling nearly 55% to $1.46 in morning trade. In October, Spirit and Frontier revived merger talks after discussions in 2022 ended with JetBlue outbidding Frontier, according to the WSJ. A federal judge blocked the JetBlue merger in January over antitrust concerns.
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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