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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.
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.
Some Wall Street analysts see a Chapter 11 filing, even a liquidation ahead.
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 was falling
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 difficult environment for budget airlines.