Spirit Airlines stock plunges 59% amid report of bankruptcy deal [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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ir.spirit.com
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Source: Yahoo! Finance
Spirit Airlines closed at $1.31 a share, down from $1.91. Spirit stock, with the ticker symbol SAVE, has dropped more than 90% this year. Wednesday's selloff comes after a Wall Street Journal report Tuesday said Spirit Airlines could file for bankruptcy protection later this month, after merger talks with Frontier broke down. In addition to Frontier, Spirit had been in acquisition talks with JetBlue before a federal judge blocked the deal in January over antitrust concerns. Spirit has announced it will not report quarterly financial results for the period ending Sept. 30, as it works to reach a deal with its lenders. In Wednesday's Securities and Exchange Commission filing, Spirit said it was in "productive" negotiations to restructure its debt, which comes due in 2025 and 2026. The airline vowed passengers, employees and suppliers would not be impacted. In the first six months of 2024, the airline reported operating losses of $360 million, nearly four times the losses report
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News
- Spirit Airlines, which flies out of Logan Airport, may be filing for bankruptcy. Here's what to know [CBS News]CBS News
- Flights continue as normal from Latrobe as fears of bankruptcy cause Spirit Airlines stock to tumble [Yahoo! Finance]Yahoo! Finance
- KBRA Comments on Aviation ABS Exposure to Spirit Airlines [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines stock plunges 59% as company reportedly preps bankruptcy filing [Yahoo! Finance Canada]Yahoo! Finance Canada
- Could financial struggles for 2 major airlines affect holiday travel? [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