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With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. After Judge William Young's ruling on Tuesday, Spirit can look for another buyer, or it could remain independent and try to push through a dif...
United States Helane Becker William Young Jamie Baker Michael Linenberg Robin Hayes
Source: yahoo.com

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

What's next for Spirit Airlines, now that it won't be merging with JetBlue? Some Wall Street analysts are starting to raise the possibility of bankruptcy. Spirit Airlines stock fell again on Wednesday, a day after a federal judge blocked JetBlue's proposed $3.8 billion purchase of Spirit. Spirit hasn’t made a profit since the start of the pandemic, and a number of its planes are grounded because of problems with their Pratt & Whitney engines. Costs are rising, and Spirit...
United States Helane Becker William Young Robin Hayes Jamie Baker Michael Linenberg

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