"JetBlue-Spirit Deal Fallout: Spirit Airlines Faces Uncertain Future Amid Debt Refinancing Efforts"

Spirit Airlines denies planning for bankruptcy-driven restructuring despite reexamining its balance sheet following the collapse of a planned sale to JetBlue Airways. The carrier is taking steps to ensure the strength of its finances and ongoing operations, including weighing bond restructuring options and completing a sale-leaseback of aircraft. Speculation about bankruptcy reorganization or liquidation has arisen among Wall Street analysts, but Spirit and JetBlue have not announced a decision on a possible appeal of the court ruling blocking the deal.