FOX bidness
Spirit Airlines shares are sharply lower on Friday after The Wall Street Journal reported that the ultra-low-cost carrier is engaging in talks with bondholders and creditors about the possibility of filing for bankruptcy.
It has reportedly mulled an “out-of-court transaction” for restructuring too, the Journal reported Thursday.
The potential bankruptcy filing comes after Spirit’s failed $3.8 billion merger with JetBlue Airways. JetBlue announced plans in 2022 to merge with Spirit, but the carriers terminated the plan in March, citing regulatory challenges. click here
Good on Spirit for trying but odds of surviving on a razor thin profit margin are pretty slim. Sorry to see Spirit go.
I flew Spirit one time to see what it was like.
It’s the Greyhound bus line of the air.
Never again!
You ain’t seen Iceland Air. You want to talk “thrifty”? I’m Dutch by ancestry and they made me look like big tippers near strippers.
Herb K. Is spinning in his grave for what the accounts running Southwest have wrought.
Anybody remember People’s Express Airlines??
Now the blacks who show up late will have to walk all the way to the Frontier desk to beat up ticket taker because they wouldn’t make the plane come back to the gate.
spit-it airlines, another s-holer controlled enterprise