Spirit Merger Talks Fall Through, Bankruptcy Looms

A Tuesday report said a potential deal between Frontier and Spirit broke down.

Spirit Airlines Airbus jets (Photo: AirlineGeeks | William Derrickson)

[ Top Story ]November 12, 2024 6:12 pm ET

By Ryan Ewing

Spirit Airlines is in advanced talks with bondholders over a potential bankruptcy filing, a Wall Street Journal report said on Tuesday. Merger talks between the financially ailing ultra-low-cost carrier and Frontier halted.

The airline – which has posted quarterly losses for several years – sold over 20 aircraft last month in a deal to raise cash. Spirit has also reduced capacity on a year-over-year basis.

Next year, the carrier is slated to furlough hundreds of pilots and downgrade several more captains. Spirit has yet to report its third-quarter earnings, but noted that more losses are expected. In the second-quarter, the carrier reported a net loss of $158 million.

According to the report, Spirit is planning a bankruptcy filing “within weeks.”

Author
Recent Posts

Follow Ryan

Ryan Ewing

Ryan founded AirlineGeeks.com back in February 2013 and has amassed considerable experience in the aviation sector. His work has been featured in several publications and news outlets, including CNN, WJLA, CNET, and Business Insider. During his time in the industry, he's worked in roles pertaining to airport/airline operations while holding a B.S. in Air Transportation Management from Arizona State University along with an MBA. Ryan has experience in several facets of the industry from behind the yoke of a Cessna 172 to interviewing airline industry executives. Ryan works for AirlineGeeks' owner FLYING Media, spearheading coverage in the commercial aviation space.

Follow Ryan

Author

Ryan Ewing

Ryan founded AirlineGeeks.com back in February 2013 and has amassed considerable experience in the aviation sector. His work has been featured in several publications and news outlets, including CNN, WJLA, CNET, and Business Insider. During his time in the industry, he's worked in roles pertaining to airport/airline operations while holding a B.S. in Air Transportation Management from Arizona State University along with an MBA. Ryan has experience in several facets of the industry from behind the yoke of a Cessna 172 to interviewing airline industry executives. Ryan works for AirlineGeeks' owner FLYING Media, spearheading coverage in the commercial aviation space.
View all posts