Spirit Airlines extends debt refinancing deadline hours before expiration
Publishing timestamp: 2024-10-18 20:03:35
Summary
Spirit Airlines extends deadline to renegotiate debt, shares down over 90% this year. Furloughed pilots, deferred aircraft deliveries, and facing financial challenges. Talks ongoing with holders of senior secured notes. Stock closed at new low, potential bankruptcy filing considered. JetBlue acquisition blocked by federal judge.
Sentiment: NEGATIVE
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Source: https://www.cnbc.com/2024/10/18/spirit-airlines-debt-deadline.html