Spirit Airlines Inc (SAVE)
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Savannah Energy has 51.5p share price target from broker Cavendish
The return to trading of Savannah Energy PLC (AIM:SAVE) after a two-year suspension was flagged by house brokers Cavedish and Shore Capital on Tuesday. Cavendish reinstated its target price of 51.5p, a 96% premium to the suspension price.
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.
What went wrong for Spirit Airlines?
Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.
Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape.
What the Spirit Airlines bankruptcy will mean for flyers
Spirit has filed for bankruptcy protection after years of financial struggles. Transcript: Conway Gittens: Wall Street looked to the bond market for guidance on Monday following the biggest weekly stock market rout in two months.
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines filed for bankruptcy with a plan to hand over control to bondholders after failing to agree on a merger with rivals. Jonathan Randles reports.
‘You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcy
Spirit Airlines announced Monday that it will enter prearranged Chapter 11 bankruptcy proceedings with backing from a supermajority of its bondholders.
Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
Spirit Airlines Inc. filed for a voluntary, pre-arranged Chapter 11 bankruptcy early Monday, capping a tumultuous period for the low-cost airline in which efforts to merge with two rivals fell through.
Spirit Airlines files for bankruptcy under creditor-backed restructuring
Spirit Airlines Inc has filed for bankruptcy protection under a bondholder-backed restructuring plan aimed at slashing debt. Under the pre-agreed deal, unveiled on Monday, bondholders will provide $300 million in debtor-in-possession financing before Spirit exits bankruptcy early next year.
Budget Carrier Spirit Airlines Files for Bankruptcy
Spirit Airlines (SAVE) said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders.
Spirit Airlines Files for Bankruptcy. What It Means for Flights.
Spirit said Monday that it has entered a restructuring agreement with its bondholders to reduce the debt on its balance sheet.
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
The last bankruptcy by a major US carrier ended when American Airlines emerged from Chapter 11 protection and simultaneously merged with US Airways in December 2013.
