Spirit Airlines, pioneer of no-frills travel in U.S., files for bankruptcy protection [Globe and Mail, The (Toronto, Canada)]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: Globe and Mail, The
decrease has filed for bankruptcy protection, it said on Monday, after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses, failed merger attempts and looming debt maturities. The airline, recognized for its bright yellow livery, had been losing money despite strong travel demand, as it struggled with higher operating costs. Spirit's troubles deepened after the collapse of its $3.8-billion planned merger with JetBlue Airways in January and the impact of RTX's Pratt & Whitney Geared Turbofan (GTF) engines snag that grounded many of its aircraft. The airline listed its estimated assets and liabilities in the range of $1-billion to $10-billion each, according to a court filing on Monday. Spirit has entered into an agreement with its bondholders that is expected to reduce total debt and provide increased financial flexibility. The airline, as part of the pre-arranged Chapter 11 bankruptcy protection, has received commitment for a $350-milli
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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