Spirit Airlines shares soared by as much as 65% on Monday after the budget airline struck a deal to extend its debt refinancing plan by two months. The agreement with US Bank National Association to push the deadline — which was set to expire Monday — until Dec. 21 provides some wiggle room for Spirit to refinance its $1.1 billion loyalty bonds due to mature next year. The Florida-based airline said it has fully drawn down its $300 million revolving credit facility and expects to end the year with more than ...

ToplineSpirit Airlines’ stock swelled by 60% on Monday, on track for the low-cost airline’s best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoiding the threat of bankruptcy.The budget airline fell to a new record earlier this month as it reportedly considered bankruptcy.GC Images Key FactsSpirit’s shares increased to over $2.30 as of around 1:15 p.m., pacing the stock’s best day since a 37% spike on March 24, 2020. On Friday, Spirit disclosed a ...

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Spirit Airlines shares closed at a fresh low on Friday ahead of a looming deadline to refinance more than $1.1 billion in debt. The airline's stock closed down roughly 3%, at less than $1.50 per share. The budget carrier had extended that deadline with credit card processor U.S. Bank to Monday, from a previous date in September. The Miramar, Florida-b ...

Frankie Muniz travels comfy with Spirit's blocked middle seat Spirit giving away 10 pairs of Go Comfy tickets in #NotInTheMiddle social media giveaway DANIA BEACH, Fla., Oct. 17, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) newest ad takes flight with actor Frankie Muniz, best known for his iconic role as the middle child in a beloved sitcom that aired in the early 2000s. Muniz is decidedly #NotInTheMiddle in Spirit's playful new ad in which he enjoys the extra elbow room of Spirit's Go Comfy travel o ...

Spirit Airlines is in talks with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways, the Wall Street Journal reported on Thursday, sending its shares down 30% in extended trading. The airline has also been exploring restructuring its balance sheet through an out-of-court transaction, though recent talks have been more focused on reaching a deal with bondholders and other creditors to support a Chapter 11 filing, the WSJ reported, citing people f ...

Images of the special-edition PiNK Uniform Collection are available for download here DANIA BEACH, Fla., Oct. 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is turning the skies pink this October with the debut of its special-edition uniform collection in support of Breast Cancer Awareness Month. Spirit Team Members will don the new PiNK Collection, with a capital "NK" in honor of Spirit's airline code, throughout the month as part of the carrier's commitment to advance breast cancer awareness and rai ...

The sentiment surrounding this business has never been lower. Spirit Airlines (SAVE -2.27%) has taken its investors on a turbulent journey. Shares of the troubled discount airliner have declined 93% in the past five years. During that same stretch, the S&P 500 would have more than doubled your money. As of this writing, this airline stock is down 97% from its peak, which was established in December 2014. Is it time to take a chance and buy Spirit shares? Spirit's troubles are hard to ignore For a stock to p ...

'Just Go' travel options offer exceptional value and are available for booking now at spirit.com Images of refreshed brand available here DANIA BEACH, Fla., Aug. 14, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) four new travel options are officially taking off today, giving travelers access to book the airline's transformed Guest experience and new premium offerings for the first time. The new options, dubbed "Just Go," deliver even friendlier, more comfortable, and cost-effective travel, all at great ...

KEY TAKEAWAYS Shares of Spirit Airlines fell further Friday, a day after the budget airline said it would furlough about 240 pilots and reported a wider-than-forecast quarterly loss. The airline posted a $192.9 million second-quarter loss, far larger than its $2.3 million loss in the prioryear period. Earlier this week, Spirit announced plans to offer more premium services, including bigger seats, to boost revenue. Shares of Spirit Airlines (SAVE) fell further Friday, a day after the budget airline said it ...

Spirit Airlines (NYSE:SAVE) layoffs are a hot topic on Friday as the budget airline is furloughing pilots over engine problems. Spirit Airlines is dealing with engine troubles for some of its flights and it isn't the only airline with these issues. This comes as other airlines are dealing with difficulties tied to Pratt & Whitney PW1100G engines. As a result, Spirit Airlines is grounding many of its planes to resolve these problems. That also has it furloughing 260 of its pilots starting on Sept. 1. On top ...