Reported 11 months ago
During Spirit Airlines' annual shareholder meeting, CEO Ted Christie announced that the company will not be filing for bankruptcy despite previous financial concerns stemming from a blocked takeover deal by JetBlue. Despite warnings from S&P Global ratings about upcoming bond payments, Spirit is adjusting its strategies by delaying aircraft deliveries and reducing extra fees to stay competitive. This decision comes amidst a strong jobs report and upcoming events like the Federal Reserve meeting and Apple's developer conference.
Source: YAHOO