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Stock impact report

Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down [Yahoo! Finance]

Frontier Group Holdings, Inc. (ULCC) 
Company Research Source: Yahoo! Finance
getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings collapsed. According to The Wall Street Journal , Frontier has pulled out of merger talks with Spirit, which has also been in advanced talks with bondholders to work out a bankruptcy plan. "A bankruptcy filing is expected to happen within weeks," the report said. Spirit Airlines ( SAVE ) shares are plunging more than 60% in premarket trading on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings ( ULCC ) collapsed. According to The Wall Street Journal , Frontier has pulled out of merger talks with Spirit, which has also been in advanced talks with bondholders to work out a bankruptcy plan. "A bankruptcy filing is expected to happen within weeks," the report said. Spirit is struggling with surging losses and said last month it plans to cu Show less Read more
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