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The company's stock tanked Wednesday after The Wall Street Journal reported Spirit was preparing to file for Chapter 11 within weeks following the breakdown of merger talks with Frontier Airlines.
Florida-based Spirit Airlines is preparing to seek bankruptcy protection after merger talks with Frontier Airlines fizzled, ... Frontier and Spirit had been set to merge in 2022, before JetBlue ...
Spirit Airlines stock plunged 59% on Wednesday as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy after merger talks with Frontier ...
In November 2024, Frontier Airlines ended plans to merge with Spirit Airlines, and Spirit announced it would be preparing to file for Chapter 11 bankruptcy protection within weeks. The company's stock dropped over 50% and it will not reveal quarterly results as a result of the announcement. [69]
Frontier's offer price of $25.83 per share of Spirit represents a premium of 18.8% to the stock's last close on Friday. Shares of Spirit rose about 11.6% in premarket trade after the announcement.
Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart. The Miramar, Florida-based discount airline is expected to file for bankruptcy ...
Spirit Airlines is working from a position of weakness, and the risk is very high for investors that put money into the stock. ... The rumor is that it has revived merger talks with Frontier. It ...
The company is reportedly back in merger talks with Frontier.