Spirit Airlines Nears Bankruptcy Amid Failed Merger Talks
TL;DR Summary
Spirit Airlines is in constructive talks with creditors to improve liquidity, exploring strategic alternatives amid financial struggles. The airline's adjusted operating margin is down 12% from last year, and it faces potential bankruptcy after failed merger talks with Frontier Airlines. Spirit's stock has plummeted nearly 80% this year, and the company plans to furlough 330 pilots and sell 23 older aircraft to raise funds.
- Spirit Airlines continues 'constructive talks' with creditors Yahoo Finance
- Exclusive | Spirit Airlines Moves Toward Bankruptcy Filing After Frontier Drops Merger Bid The Wall Street Journal
- Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report New York Post
- Spirit Nearing Bankruptcy Deal That Would Wipe Out Shareholders Bloomberg
- Spirit Airlines Files Form 12b-25 PR Newswire
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