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Why Spirit Airlines Stock Is Soaring Today
SAVESpirit Airlines(SAVE) The Motley Fool·2024-10-21 17:37

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 ...