Spirit Airlines stock plunges 59% as company reportedly preps bankruptcy filing [Yahoo! Finance Canada]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance Canada
Spirit Airlines stock ( SAVE ) plunged 59% on Wednesday as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy after merger talks with Frontier ( ULCC ) collapsed. On Tuesday, a Wall Street Journal report said the airline is preparing to file for bankruptcy protection within weeks, as its tie-up discussions with Frontier broke down. This report followed a separate statement from the company late Tuesday , which said it has been in "constructive discussions" to iron out a restructuring deal with holders of its senior secure notes due in 2025. If an agreement with creditors is executed, it "is expected to lead to the cancellation of the company's existing equity," Spirit said. If a deal with noteholders is not reached, the carrier said it would consider all alternatives. Spirit stock has fallen over 90% this year. Spirit Airlines, Inc. (SAVE) Spirit also said on Tuesday it would not be able to file its quarterly res
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News
- Spirit Airlines stock plunges 59% amid report of bankruptcy deal [Yahoo! Finance]Yahoo! Finance
- 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
- 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