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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 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.

What's next for Spirit Airlines, now that it won't be merging with JetBlue.

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's ticket sales haven’t recovered from the pandemic as quickly as the airline expected. A...

What's next for Spirit Airlines, now that it won't be merging with JetBlue.

In this article, we will take a look at the 5 airline stocks billionaires are piling into.