The company is reportedly back in merger talks with Frontier.Merger talks between Frontier Group Holdings (ULCC 0.67%) and Spirit Airlines (SAVE 43.55%) are reportedly heating up again, and investors are excited about the possibility.Shares of Spirit soared as much as 50% at the open on Wednesday and traded up about 40% as of 11 a.m. ET.Third time's the charm?The future of Spirit Airlines has been up in the air for some time now. In 2022, the airline agreed to combine with Frontier but JetBlue Airways stepp ...

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 ...

The troubled airline has more time to work out its debt issues.Spirit Airlines (SAVE 57.48%) has secured more time to work out its debt burden, easing near-term bankruptcy fears. The stock took off on the news, trading up as much as 73% on Monday morning and up 58% as of 1 p.m. ET.A big December deadlineSpirit has been flying through significant headwinds this year. In January, the airline's planned sale to JetBlue Airways was blocked on competition concerns. And Spirit's efforts to fly solo have been hinde ...

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 ...

Key TakeawaysSpirit Airlines shares surged higher Monday morning as the carrier said it extended a deadline for debt refinancing with Visa and Mastercard.The discount airline also said it has used all of a $300 million revolving credit line, and expects to have about $1 billion of liquidity by the end of 2024.Shares were up nearly 40% in premarket trading, but already lost nearly 90% of their value since the start of the year. Spirit Airlines (SAVE) shares jumped nearly 40% in premarket trading Monday as ma ...

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 Inc SAVE is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward a potential bankruptcy. With debt piling up and its stock plummeting, the budget carrier is now fast-tracking the retirement of its Airbus A319 fleet. Investors are left wondering: Can Spirit pull off a turnaround, or is this the beginning of the end? What Happened? Spirit Airlines is expediting the retirement of its Airbus A319 fleet, with final flights ...

A downtrend has been apparent in Spirit (SAVE) lately with too much selling pressure. The stock has declined 36.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotti ...

Travelers can enjoy limited-time fares starting at $49 one-way and a Free Spirit® bonus points promotion DANIA BEACH, Fla., Oct. 15, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating its new Alabama service today, following the Oct. 10 launch of its daily, nonstop service from BirminghamShuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL). Spirit's introduction of the only nonstop flight from Birmingham to Fort Lauderdale provides affordable optio ...