Spirit Airlines Files Form 12b-25

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Spirit Airlines stock plunges 60% on report it is preparing to file for bankruptcy protection

November 13, 2024 6:33 AM EST

Spirit Airlines (NYSE: SAVE) stock has plummeted over 60% Wednesday after a Wall Street Journal report said the low-cost airline is preparing to file for bankruptcy protection.

The Florida-based budget carrier has struggled with rising losses and large debt obligations, leading to advanced discussions with bondholders on a restructuring plan that could have backing from major creditors, said the WSJ.

Spirits bankruptcy filing could occur within weeks, according... More