Spirit Airlines preparing to file for bankruptcy: Report
By Craig Nigrelli (Reporter), Brock Koller (Senior Producer), Jack Henry (Video Editor)
Spirit Airlines is preparing to file for bankruptcy, according to a report from The Wall Street Journal. The low-cost airliner has been dealing with mounting losses and debt.
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See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Associated Press NewsSpirit Airlines shares plunge on bankruptcy speculation
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Click to see story on NewsdaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
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Click to see story on New York PostSpirit prepares for bankruptcy filing after failed Frontier talks: report
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Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Orillia MattersSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Newmarket TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Midland TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Collingwood TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Thorold TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Elora Fergus TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Chronicle OnlineSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
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Click to see story on GEEKSPINSpirit already furloughed pilots and unveiled plans to begin selling close to two dozen planes. In addition, Spirit is expected to cut jobs as part of an effort to save tens of millions of dollars. The Florida-based discount airline is supposedly in talks with bondholders to come up with a bankruptcy plan that would be satisfactory for creditors.
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Spirit’s bankruptcy filing could happen in the next few weeks, according to the WSJ report. That report also said Spirit representatives had been in talks with management of Frontier Airlines about a possible merger. However, Frontier backed out of negotiations.
Plans to merge with JetBlue in a deal worth almost $4 billion failed earlier this year after the Justice Department went to court to block it. The DOJ claimed such a merger would cause travelers to have fewer choices and pay higher prices. A federal judge agreed and the merger was stopped.
Spirit was once a fast growing, no-frills airline in which customers bought a spot on a flight then paid piecemeal for everything else, such as a seat assignment and checked baggage. However, those surcharges became typical in the airline industry and Spirit is now struggling amidst lots of competition.
SPIRIT AIRLINES IS PREPARING TO FILE FOR BANKRUPTCY.
THE LOW-COST AIRLINER HAS BEEN DEALING WITH MOUNTING LOSSES AND DEBT.
SPIRIT HAS ALREADY FURLOUGHED PILOTS AND UNVEILED PLANS TO BEGIN SELLING CLOSE TO TWO DOZEN PLANES. IN ADDITION, SPIRIT IS EXPECTED TO CUT JOBS AS PART OF AN EFFORT TO SAVE TENS OF MILLIONS OF DOLLARS.
THE FLORIDA-BASED DISCOUNT AIRLINE IS NOW SUPPOSEDLY IN TALKS WITH BONDHOLDERS TO COME UP WITH A BANKRUPTCY PLAN THAT WOULD BE SATISFACTORY FOR CREDITORS.
THE WALL STREET JOURNAL IS REPORTING SUCH AS A FILING COULD HAPPEN IN THE NEXT FEW WEEKS.
SPIRIT REPS HAD BEEN IN TALKS WITH EXECUTIVES FROM FRONTIER AIRLINES ABOUT A POSSIBLE MERGER BUT APPARENTLY FRONTIER WAS NOT INTERESTED AT THIS TIME.
PLANS TO MERGE WITH JETBLUE, IN A DEAL WORTH ALMOST $4-BILLION, FAILED EARLIER THIS YEAR AFTER THE JUSTICE DEPARTMENT WENT TO COURT, TO BLOCK IT. THE D-O-J CLAIMED SUCH A MERGER WOULD CAUSE TRAVELERS TO HAVE FEWER CHOICES AND PAY HIGHER PRICES. A FEDERAL JUDGE AGREED AND THE MERGER WAS OFF.
SPIRIT WAS ONCE A FAST-GROWING NO-FRILLS AIRLINE WHERE CUSTOMERS PAID FOR A SEAT ON A FLIGHT AND PRETTY MUCH EVERYTHING ELSE HAD A COST ATTACHED TO IT. IN FACT, OTHER AIRLINES BEGAN USING THAT TYPE OF PRICING.
SOME OF WHAT SPIRIT HAD BEEN DOING FOR YEARS, SUCH AS CHARGING FOR CHECKED LUGGAGE, AS WELL AS SEAT ASSIGNMENTS, WORKED AT FIRST. BUT THOSE SURCHARGES BECAME COMMON IN THE AIRLINE INDUSTRY AS DID MORE COMPETITION AND SPIRIT IS NOW STRUGGLING. FOR MORE UNBIASED UPDATES DOWNLOAD THE STRAIGHT ARROW NEWS AP
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Associated Press NewsSpirit Airlines shares plunge on bankruptcy speculation
Click to see story on CNNMajor airline ‘to file for bankruptcy’
Click to see story on Metro NewsSpirit Airlines mulls bankruptcy, sending its stock price into nosedive
Click to see story on CBS NewsSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Flin Flon ReminderSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Sask TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on abc 6 PhiladelphiaSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on SooToday.comSpirit Airlines shares plunge on bankruptcy speculation
Click to see story on The Atlanta VoiceWill Spirit Airlines go bankrupt? Stock price collapses after merger talks with Frontier reportedly end
Click to see story on Fast CompanySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Thompson CitizenSpirit may be at the end of its runway as Frontier talks break down, bankruptcy looms
Click to see story on RocketNewsSpirit Airlines in Advanced Talks For Bankruptcy Filing Following Frontier Airlines Merger Collapse – RetailWire
Click to see story on retailwire.comSpirit Airlines Nears Bankruptcy, Creditors May Approve Equity ‘Cancellation:’ Here’s What It Means For Investors As Shares Fall With A Thud – JetBlue Airways (NASDAQ:JBLU), Spirit Airlines (NYSE:SAVE)
Click to see story on BenzingaSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Washington Top NewsSpirit Airlines prepares for bankruptcy protection
Click to see story on WPLGSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on abc 7 ChicagoSpirit Airlines scraps quarterly financial report to focus on debt load; report says bankruptcy possible
Click to see story on The OregonianSpirit may be at the end of its runway as Frontier talks break down, bankruptcy looms
Click to see story on MarketWatchSpirit airlines file for bankruptcy
Click to see story on Wall Street JournalSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on WHNT 19 NewsSpirit Airlines preparing for possible bankruptcy amid failed merger, financial woes: Report
Click to see story on KFOR-TVSpirit Airlines explores possible bankruptcy filing: report
Click to see story on YOURERIESpirit Airlines stock plunges amid report of possible bankruptcy
Click to see story on Scripps NewsSpirit Airlines stock would be canceled under debt restructuring deal, company says
Click to see story on Sun-SentinelSpirit Airlines shares plunge on bankruptcy speculation
Click to see story on KESQSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on KMIZSpirit Airlines preparing for possible bankruptcy amid failed merger, financial woes: Report
Click to see story on MYSTATELINESpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on NewsdaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on KIONSpirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report
Click to see story on New York PostSpirit prepares for bankruptcy filing after failed Frontier talks: report
Click to see story on Fox BusinessSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Winnipeg SunSpirit Airlines prepares for bankruptcy <br/>– sparking fears of mass route cancellations <br/>across America
Click to see story on LucianneSpirit Nearing Bankruptcy That Would Wipe Out Shareholders – Overpasses For America
Click to see story on overpassesforamerica.comMajor Budget Airline Preparing to File Bankruptcy, Report
Click to see story on tfppwire.comUntracked Bias
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Orillia MattersSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Newmarket TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Midland TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Collingwood TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Thorold TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Elora Fergus TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Chronicle OnlineSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Moose Jaw TodaySpirit plummets 60% after Frontier deal allegedly fails
Click to see story on BizTocWhat’s Going On With Spirit Airlines Stock Wednesday?
Click to see story on Cryptocurrency News | Cryptocurrency Prices | Market CapSpirit Airlines eyes bankruptcy as Frontier talks fail: report
Click to see story on Business TimesSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on InnisfilToday.caSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on CambridgeToday.caSpirit Airlines mulls bankruptcy, sending its stock price into nosedive
Click to see story on News Talk 94.1/AM 1600Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on StratfordToday.caSpirit Airlines in Advanced Talks Over a Bankruptcy Filing, WSJ Says
Click to see story on SkiftMajor airline ‘to file for bankruptcy’
Click to see story on Usa news siteReport: Spirit Airlines preparing for bankruptcy
Click to see story on The San Joaquin Valley SunSpirit Airlines in Advanced Talks for Bankruptcy Filing Following Frontier Airlines Merger Collapse – RetailWit
Click to see story on RetailWitUS’s Spirit eyes Ch 11 as Frontier talks crumble
Click to see story on ch-aviationSpirit Airlines Planning To File Bankruptcy As Merger Talks w Frontier Airlines Fall Through – theJasmineBRAND
Click to see story on theJasmineBRANDSpirit Airlines Expected To File Bankruptcy After Frontier Merger Talks Break Down—What It Means For Travelers – View from the Wing
Click to see story on View from the WingSpirit Airlines analyzes bankruptcy plans after failed merger with Frontier RNN National News Network
Click to see story on RNN Red Nacional De NoticiasSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Bradford TodaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on Timmins TodaySpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on thealbertan.comSpirit Airlines Delays Q3 Filing Amid Restructuring Talks, Warns of Equity Cancellation
Click to see story on stocktitan.netSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up – Regional Media News
Click to see story on regionalmedianews.comSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on fitzhugh.caSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on burlingtontoday.comSpirit Airlines Prepares For Bankruptcy – Sparking Fears Of Mass Route Cancellations Across America
Click to see story on WhatsNew2DaySpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on haltonhillstoday.caSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
Click to see story on Western InvestorSpirit prepares for bankruptcy filing after failed Frontier talks: report
Click to see story on The New York LedgerSpirit Airlines prepares to file for bankruptcy, WSJ reports
Click to see story on EMEA Tribune, Breaking News, World News, Latest News, Top HeadlinesSpirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Click to see story on flamboroughtoday.comSpirit bankruptcy nears as Frontier merger talks fail
Click to see story on aerotime.aeroSpirit Airlines Shares Plunge on Bankruptcy Talk
Click to see story on the deep diveSpirit Airlines Will File for Bankruptcy, Won’t Merge With Frontier
Click to see story on UpgradedPoints.comSpirit Airlines Prepares for Bankruptcy Filings: WSJ Reports
Click to see story on avsn.co.ukFinancial News Network – Spirit prepares for bankruptcy filing after failed Frontier talks: report
Click to see story on financialnewsnetwork.comSpirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up – Wings Magazine
Click to see story on Wings MagazineSpirit Airlines Edges Toward Bankruptcy Filing, WSJ Reveals – Wall Street Pit
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Click to see story on GEEKSPINStraight to your inbox.
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