Spirit Airlines shares slide after report of possible bankruptcy filing
- Posted on October 3, 2024
- By Yahoo News
- 3 Views
Spirit Airlines shares slide after report of possible bankruptcy filing
The airline has also been exploring restructuring its balance sheet through an out-of-court transaction, though recent talks have been more focused on reaching a deal with bondholders and other creditors to support a Chapter 11 filing, the WSJ reported, citing people familiar with the matter. The timing of such a filing, should it happen, would not be imminent, according to the report. In response to the WSJ report, Spirit pointed to the company's second-quarter earnings call where CEO Ted Christie said the company was in talks with the advisers of its bondholders to address the upcoming debt maturities, due in 2025 and 2026.