Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down
Spirit Airlines 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 collapsed.
Spirit Airlines Moves Toward Bankruptcy Filing After Frontier Drops Merger Bid
The budget carrier is in advanced discussions with bondholders over a filing that could occur within weeks.
Spirit Airlines Eyes Bankruptcy as Frontier Talks Fail, WSJ Says
Spirit Airlines Inc. is preparing to file for bankruptcy protection after merger talks with Frontier Group Holdings Inc. broke down, the Wall Street Journal reported.
Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms
Spirit Airlines Inc. shares fell more than 60% in the after-hours session Tuesday after the Wall Street Journal reported it was nearing bankruptcy after merger talks with Frontier Group Holdings Inc. fell through.
Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report
Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter. Shares of the company were down 39% at $1.8 after the bell. The stock has fallen nearly 80% this year, while the S&P 500 passenger airlines index jumped 52%.
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Spirit Airlines continues 'constructive talks' with creditors
Spirit Airlines is in constructive discussion with its creditors and continues to explore strategic alternatives to improve liquidity, the ultra-low-cost carrier said on Tuesday. The negotiations, with a supermajority of the noteholders,
Spirit Airlines Stock Plunges After Report About Bankruptcy Preparations
Spirit Airlines stock fell by about 36% in afterhours trading after the Wall Street Journal reported that the Florida-based budget airline is in advanced discussions with bondholders to hammer out a bankruptcy plan.
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