Spirit Airlines files for Chapter 11 bankruptcy (you can still fly on it) [TheStreet.com]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: TheStreet.com
While the word "bankruptcy" brings to mind images of shuttered gates and liquidation (and that is indeed what happened to a number of low-cost airlines this year), filing for Chapter 11 protection is actually a way to keep the company going and reorganize finances amid rising debt. For example, Scandinavian Airlines, the Copenhagen-based airline commonly known as SAS, filed for bankruptcy in February 2022 amid a drop in traveler numbers during the pandemic. Don't miss the move: SIGN UP for TheStreet's FREE daily newsletter However, it was able to officially emerge from it after ownership was redivided ownership between several local investment firms, the Danish government, and Air France-KLM AFRAF. The discount airline Spirit filed for Chapter 11 bankruptcy. Brandon Bell/Getty Images Spirit Airlines SAVE , which has been the source of bankruptcy rumors ever since a judge blocked JetBlue Airways' JBLU plan to acquire it last February, started off the week of Nov. 18 by ann
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News
- Analysis-Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy [Yahoo! Finance Canada]Yahoo! Finance Canada
- What does the Spirit Airlines bankruptcy mean for airfares? Experts weigh in. [Yahoo! Finance]Yahoo! Finance
- How Spirit Airlines' Bankruptcy Filing Will Affect Holiday Flights [Yahoo! Finance]Yahoo! Finance
- Spirit's bankruptcy won't impact holiday travelers, experts say. But frequent flyers and routes could be impacted next year [Yahoo! Finance]Yahoo! Finance
- More from CNN [CNN]CNN
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/13/24 - Form 8-K
- SAVE's page on the SEC website