JetBlue Shares Soar, Spirit Airlines Mulls Bankruptcy Amid Airline Industry Shakeup
JetBlue shares rose as Spirit Airlines faces potential bankruptcy, affecting investor confidence and industry dynamics.
Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.
Spirit Airlines might really go bankrupt this time — and the stock plunges 57%
Spirit Airlines (SAVE) stock was sinking sharply to barely above $1 per share early Wednesday, after a report late Tuesday indicated that the ultra-low-cost carrier is preparing to file for bankruptcy.
JetBlue stock soars as Spirit mulls bankruptcy
Shares in Queens-based JetBlue were soaring by about 16% in early trading today as shares in competitor Spirit Airlines tumbled following reports the ultra-low-cost carrier is preparing to file for bankruptcy protection.
JetBlue Airways Shares Rise 16% as Potential Spirit Bankruptcy Plays Out
JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares were trading around $7.30. The stock is up 32% on the year and is on pace for its largest percentage increase since Feb. 13.
Spirit Airlines planning to file for bankruptcy, stock plummets after merger collapse
Spirit Airlines is reportedly planning to file for bankruptcy following the collapse of a proposed merger with Frontier Airlines that sent its stock into rapid decline.
Spirit Airlines stock plunges 59% amid report of bankruptcy deal
Spirit Airlines' stock plunged 59% on Wednesday as the budget airline worked with creditors to restructure debt amid reports the company could file for bankruptcy protection within the next few weeks.
Spirit Airlines shares plunge on bankruptcy speculation
Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report quarterly financial results because it’s scrambling to reach a deal with creditors.
Spirit Nearing Bankruptcy Deal That Would Wipe Out Shareholders
Spirit Airlines Inc. is closing in on a deal with creditors that would restructure its crushing debt load in bankruptcy court after discussions for a tie-up with rival Frontier Group Holdings Inc. fell apart.
Spirit Shares Crater In After-Hours Trading As It Nears Bankruptcy Deal
Spirit Airlines disclosed it is in talks with its creditors for a restructuring deal, hours after it was reported that the company’s merger talks with rival low-cost carrier Frontier had fallen through.
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