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Spirit Airlines Eyes Bankruptcy

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.

MarketWatch on MSN · 56m

Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors

Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that it’s currently negotiating with its creditors.

Barron's on MSN · 3h

Spirit Airlines Stock Tumbles on Bankruptcy Report. What It Means for Shareholders.

Spirit Airlines stock tumbled in premarket trading Wednesday following a report that said the ultra-low-cost carrier was preparing to file for bankruptcy protection.The filing could come within weeks,

Spirit to Receive up to $350 Million in Advance Payments

Spirit Aero gets help from Boeing, Airbus to prop up weak finances

Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing and up to $107 million from Airbus , giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.

The Wall Street Journal on MSN · 1d

Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance

Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch. The jet maker said Tuesday that the advance payments are intended to help Spirit address high levels of inventory and lower operational cash flows.

U.S. News & World Report · 1d

Spirit to Receive up to $350 Million in Advance Payments From Boeing

Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.

2hon MSN

Spirit prepares for bankruptcy filing after failed Frontier talks: report

Spirit Airlines is reportedly planning to file for bankruptcy protection in a matter of weeks after revived merger talks with ...

U.S. News & World Report8h

Spirit Airlines Cancels Release of Q3 Financial Results as Debt Restructuring Talks Heat Up

Spirit Airlines Cancels Release of Q3 Financial Results as Debt Restructuring Talks Heat Up NEW YORK (AP) — Spirit ...

Spirit Airlines to file for bankruptcy after merger talks break down

Spirit Airlines is preparing to file for bankruptcy protection, according to a report by the Wall Street Journal. The move ...

Spirit Airlines stock would be cancelled under debt restructuring deal, company says

In the grimmest sign yet for stockholders in financially troubled Spirit Airlines, the South Florida-based discount carrier ...

22hon MSN

Haiti's Main Airport Closed After Gangs Shoot at Spirit Airlines Plane

Haiti's main airport remains closed on Tuesday after a Spirit Airlines plane was shot at by gangs while trying to land on ...

Spirit Flight To Haiti Hit By Gunfire Forcing Airlines To Halt Services

Spirit Airlines flight 951 from Fort Lauderdale was shot at on Monday by gangs near the Aeroport International Toussaint ...

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