SAVE Stock Recent News

The ultra-low-cost carrier is preparing to file for bankruptcy protection, The Wall Street Journal reports.

Spirit Airlines shares cratered sharply in after-market trading on Tuesday evening, as the company announced it was in talks with creditors to restructure its debts in a deal—shortly after the Wall Street Journal reported the company is preparing to file for bankruptcy protection and its planned merger with rival low-cost carrier Frontier had broken down.

DANIA BEACH, Fla., Nov. 12, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it had filed a Form 12b-25 with the Securities and Exchange Commission that is expected to be available on the SEC's EDGAR filing system on Wednesday, November 13, 2024, prior to the opening of the market session.

Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks.

Shares plummeted 35% in after-hours trading.

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter.

A Spirit flight was struck by gunfire on Monday and a flight attendant was injured while trying to land at Port-au-Prince's airport. Spirit, American and JetBlue have suspended Haiti flights.

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

A Spirit Airlines flight destined for the Haitian capital of Port-au-Prince was struck by gunfire on Monday, forcing it to be diverted to the neighboring Dominican Republic.

Low-cost carrier Spirit Airlines has dodged literal bullets to post a 30% share price gain on Monday. News has emerged that the airline, which reportedly entered Chapter 11 bankruptcy protection discussions in October, was struck by gunfire as it attempted to land in Haiti's conflict-ridden capital Port-au-Prince.