January 12, 2025 8:00 am ET
December 18, 2024 1:31 pm ET -
Spirit Restructuring Could Nullify Stocks Amid Shareholder Fury
Spirit Airlines looks to trade shareholders for bondholders as it moves toward a restructuring deal that will hand control of the carrier to its creditors. According to a Tuesday Bloomberg report, the airline said it expected shareholders will lose their…
December 16, 2024 9:22 am ET -
Spirit Slashes More Service
Spirit plans to cut more routes next year. The ultra-low-cost carrier – which filed for bankruptcy in November – has aggressively scaled back capacity into 2025. The beleaguered airline expects capacity to be down in the mid-teens on a year-over-year…
December 4, 2024 4:16 pm ET -
Spirit Exec Slams Other CEOs for Trying to Put Carrier…
Matthew Klein, chief commercial officer at Spirit Airlines, said Wednesday that other airline CEOs were “trying to put [Spirit] out of business” during his Senate subcommittee testimony on airline fees. The Senate Homeland Security and Governmental Affairs Subcommittee on Permanent…
November 25, 2024 7:04 pm ET -
Spirit Posts $308 Million Third-Quarter Loss
Spirit reported a net loss of $308 million for the third quarter, according to a delayed filing with the Securities and Exchange Commission on Monday. The carrier blamed an increasingly challenging pricing environment and the short-term impact of certain policy…
November 19, 2024 2:35 pm ET -
What Could a Post-Bankruptcy Spirit Look Like?
Industry experts are analyzing what Spirit’s recent bankruptcy filing could mean for the carrier and the market at large. Spirit announced Monday that it filed for Chapter 11 bankruptcy protection. The carrier’s bankruptcy filing is attributed to continued quarterly losses…