Spirit Airlines (SAVE, Financial), a low-cost carrier, saw its stock price dive to an all-time low in after-hours trading. This decline followed reports that the airline is negotiating with bondholders over potential bankruptcy filing terms. The stock plummeted 29% to $1.59, marking its largest percentage drop since January. In regular trading, the stock fell below the previous low of $2.22 and has dropped 86% this year. Insiders reveal that Spirit is also exploring out-of-court restructuring options to man ...

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 ...

Travelers can enter for a chance to win a pair of round-trip flights with the perks of the new Go Big or Go Comfy experience at spirit.com/flyaway DANIA BEACH, Fla., Aug. 27, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) newly enhanced Guest experience officially launches today, and the airline is celebrating by inviting travelers to enter for a chance to win big and Go Big or Go Comfy with its new "More Fly Fly-Away." Two lucky winners and their guest will experience Spirit's new travel options, Go Bi ...

Spirit Airlines'(SAVE) transformation initiatives are commendable. The company's efforts to upgrade and expand its fleet are also praiseworthy. However, SAVE is grappling with elevated operating expenses and weak liquidity. Factors Favoring SAVE In the second quarter of 2024, Spirit Airlines initiated a transformation plan to better align with market dynamics. The introduction of diverse travel options, ranging from premium to budget-friendly, reflects the company's commitment to offering a more personalize ...

'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 ...

The airline is battling turbulence, with no signs of a respite up ahead. The airline sector is beginning to feel a squeeze, and no one is under more pressure than Spirit Airlines (SAVE -8.31%). Shares of the discount airline lost 17.8% in July, according to data provided by S&P Global Market Intelligence, after a mid-quarter update prompted discussions about a potential bankruptcy filing. A bad situation could get worse Spirit has been flying through a lot of headwinds. The company saw its planned acquisiti ...