Spirit Airlines isn't considering Chapter 11, 'encouraged' by post-JetBlue plan, CEO says
Publishing timestamp: 2024-06-07 11:55:04
Summary
Spirit Airlines is struggling after failed takeover by JetBlue Airways and Pratt & Whitney engine recall. CEO Ted Christie says company is not considering bankruptcy filing. The company has shifted its business model to eliminate most flight-change fees and bundle perks. S&P Global Ratings downgraded Spirit, raising concerns about its ability to refinance.
Sentiment: MIXED
Keywords: airlines, business, travel, life, aerospace and defense industry, breaking news: business, transportation, breaking news: markets, ted christie, spirit airlines inc, business news, markets, jetblue airways corp,
Source: https://www.cnbc.com/2024/06/07/spirit-airlines-ceo-not-considering-chapter-11.html