Spirit is struggling to survive. Bankruptcy will likely mean other airlines raise their prices. [Business Insider]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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US:NASDAQ Investor Relations:
ir.spirit.com
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Source: Business Insider
Analysts say a merger with Frontier could still be possible. Flying is likely to become more expensive for some passengers if Spirit Airlines falls into bankruptcy protection. The company's stock tanked on Wednesday after The Wall Street Journal reported Spirit was preparing to file for Chapter 11 within weeks following the breakdown of merger talks with Frontier Airlines The Journal reported in October that Spirit was weighing up bankruptcy. Spirit shareholders were later encouraged by plans to furlough hundreds of pilots and raise just over $500 million by selling 10% of its fleet. Gains were erased by the latest bankruptcy signals, leaving the company worth $144 million at Thursday's close, down 91% this year. Chapter 11 would allow Spirit to restructure its finances and continue operating, albeit on fewer routes. The airline cut about two dozen routes earlier this month, industry outlet The Points Guy reported. It serves 81 destinations as of November, per Cirium data
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News
- Where it all went wrong for America's least-loved airline [Yahoo! Finance]Yahoo! Finance
- No, estas imágenes en aeropuertos no son de viajeros que huyen de Trump | Hechos [USA TODAY]USA TODAY
- Airline Stock Roundup: LUV to Trim Workforce, CPA & SAVE in Focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Spirit Airlines, Inc. (NYSE: SAVE) had its price target lowered by analysts at Barclays PLC from $3.00 to $0.50. They now have an "underweight" rating on the stock.MarketBeat
- Spirit Airlines stock plunges 59% amid report of bankruptcy deal [Yahoo! Finance]Yahoo! Finance
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form NT
- 11/12/24 - Form SC
- SAVE's page on the SEC website