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.
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.
Spoiler: It's a horrifying number. Here's why.
Spirit Airlines is taking aggressive steps to avoid bankruptcy, but the best-case outcome still isn't likely to result in a huge payday.
Spirit Airlines is working from a position of weakness, and the risk is very high for investors that put money into the stock.
Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with debt, losses and weaker sales.
Spirit Airlines will furlough about 330 pilots on Jan. 31, 2025, a company spokesperson told Reuters.
Spirit Airlines announced in a regulatory filing this week that it agreed to sell some of its planes and plans to cut its workforce as it seeks to raise cash.
The company served up another glimmer of hope that it can navigate its way out of its current mess.
Spirit Airlines announced in a regulatory filing it would sell some of its older planes and eliminate jobs to reduce costs, causing shares of the budget airline—which dropped after reports the company was considering bankruptcy—to surge 20% on Friday for the stock's latest rally.