Spirit Airlines’ stock has lost more than 85% of its value this year as the carrier struggled with the fallout of a failed $3.8-billion-merger with JetBlue Airways
shares slumped 40 per cent before the bell on Friday after the Wall Street Journal reported that the ultra-low-cost carrier was in talks with its bondholders about a potential bankruptcy filing.
Spirit’s long-term debt and finance leases amounted to approximately $3.06-billion, excluding current maturities, as of Dec. 31.
Cent Carrier Bankruptcy Airline Chapter Bell Jetblue Raymond James Pratt & Whitney Jetblue Airways
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