Reported 10 days ago
Spirit Airlines stock fell 59% as the company reportedly prepares for a bankruptcy filing following failed merger talks with Frontier Airlines. Facing significant debt challenges, Spirit is engaged in negotiations with creditors to restructure its finances. If an agreement is not reached, the airline may cancel existing equity. Analysts show increasing pessimism towards the stock, with no Buy ratings and multiple Sell recommendations, further concerning the airline's future viability.
Source: YAHOO