Spirit Airlines stock plummets on report of potential bankruptcy filing

Spirit Airlines’ shares plummeted on Friday following reports from The Wall Street Journal about the airline negotiating with bondholders and creditors regarding a potential bankruptcy filing.

This comes after Spirit’s $3.8 billion merger with JetBlue Airways fell through in March due to regulatory hurdles.

CEO Ted Christie acknowledged the company’s ongoing discussions to address upcoming debt maturities, as Spirit’s total debt reaches $3.3 billion, Fox Business has reported.

read more: https://www.foxbusiness.com/markets/spirit-airlines-stock-plummets-report-potential-bankruptcy-filing

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