Spirit Airlines Jumps the Most Ever on Two-Month Debt Reprieve
Spirit Airlines Inc.’s shares soared the most in 13 years of trading after the carrier secured more time to address a troublesome debt load that has raised the prospect of bankruptcy.
Why Spirit Airlines Stock Is Soaring Today
Spirit Airlines (NYSE: SAVE) has secured more time to work out its debt burden, easing near-term bankruptcy fears. The stock took off on the news, trading up as much as 73% on Monday morning and up 58% as of 1 p.
Spirit Airlines is not going bankrupt . . . yet
Embattled US carrier Spirit Airlines extended its debt refinancing plan with Visa and Mastercard, causing its stock to skyrocket on Monday.
Spirit Airlines Stock Soars 60% After Extending Deadline To Refinance Debt
Spirit Airlines’ stock swelled by 60% on Monday, on track for the low-cost airline’s best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoiding the threat of bankruptcy.
Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match
Spirit Airlines extends its debt deadlines amid bankruptcy speculations, while JetBlue's founder argues that Frontier would have been a better match after their failed merger.
Spirit Airlines stock soars 40% because it's not going bankrupt yet
Spirit Airlines (SAVE) stock was soaring Monday morning after the budget airline revealed it had struck a last-minute deal to refinance some debt.
Spirit Airlines borrows $300 million, gets extended deadline in debt refinance talks
Spirit Airlines gave itself some financial breathing room by borrowing $300 million and reaching a new deadline for refinancing a large portion of its debt. The Dania-Beach-based airline posted
Spirit Airlines Stock Flies After Carrier Extends Debt Refinancing Deadline
Spirit Airlines (SAVE) shares jumped nearly 40% in premarket trading ... Legal challenges that eventually led Spirit and JetBlue Airways (JBLU) to abandon their attempted merger; cost-cutting maneuvers like delaying jet deliveries and furloughing pilots ...
Spirit Airlines shares jump 46% on extension to debt refinancing deadline
Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec.
Spirit Airlines shares soar more than 60% on debt refinancing extension
Spirit Airlines shares soared by as much as 65% on Monday after the budget airline struck a deal to extend its debt refinancing plan by two months. The agreement with US Bank National Association to push the deadline — which was set to expire Monday — until Dec.
Stocks of JetBlue, Frontier fall after troubled rival gets a life line
Shares of Spirit Airlines rocketed a record 49% in recent trading, enough to pace all NYSE-listed gainers, after the ...
JetBlue's founder thinks Spirit Airlines should have found a better match
The founder of JetBlue Airways (JBLU) added insult to injury following the airline’s ill-fated merger attempt with Spirit ...
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Spirit Airlines has more time to refinance its loans as it borrows more money
Spirit Airlines has been given a two-month extension to refinance about $1 billion of its debt, which was due on Monday. The ...
What’s the future of budget airlines? We asked JetBlue’s founder.
David Neeleman, now the CEO of Breeze Airways, shares his takes on Southwest’s changes, airport lounges and his essential ...
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Judge blocks $3.8B JetBlue-Spirit merger, cites 'anticompetitive harm'
A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion acquisition of budget carrier Spirit Airlines, agreeing with the Justice Department that the deal would hurt the ...