Spirit Airlines (SAVE) shares are surging 12% in premarket trading Friday after the discount carrier said it plans to cut jobs and sell some planes as it tries to shore up its finances.
Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Co
Transportation stocks typically indicate the economy's current state, while airline stocks gauge the consumer cycle's direction instead. Recently, shares of Spirit Airlines Inc. NYSE: SAVE have nearly
Spirit Airlines (SAVE) shares are surging nearly 20% in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings (ULCC) is in the early stages of a renewed bid for

Why Spirit Airlines Stock Is Flying High Today

11:37am, Wednesday, 23'rd Oct 2024
The company is reportedly back in merger talks with Frontier.
If the deal does happen, it would come about as part of Spirit restructuring its debt via a bankruptcy, The Wall Street Journal reported.

Frontier, Spirit Airlines Revive Merger Talks

11:56pm, Tuesday, 22'nd Oct 2024
The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.
More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.
Frontier Airlines is exploring a renewed bid for Spirit Airlines , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Spirit Airlines is not going bankrupt . . . yet

08:31am, Tuesday, 22'nd Oct 2024
After concern mounted earlier this month that Spirit Airlines was set to announce bankruptcy, the company has lived to see another day in the sky—for now.
The deadline extension allows Spirit some wiggle room to refinance its $1.1 billion in secured debt due to mature next year.

Why Spirit Airlines Stock Is Soaring Today

01:37pm, Monday, 21'st Oct 2024
The troubled airline has more time to work out its debt issues.
Spirit Airlines' stock swelled by 60% on Monday, on track for the low-cost airline's best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoid
Spirit Airlines (SAVE) shares jumped nearly 40% in premarket trading Monday as markets reacted to a late-Friday filing that saw the discount carrier say it has extended the deadline on a debt refinanc
The budget airline has struggled to address its growing debt burden this year.
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