Spirit Airlines is set to file for bankruptcy after merger talks with Frontier Airlines failed.

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines collapsed. The airline, which has struggled financially and failed to report a profit in five of the last six quarters, is in advanced discussions with bondholders to finalize a bankruptcy plan. If Spirit files for bankruptcy, it could lead to route cancellations and staffing cuts. The airline's stock price dropped 45% following the report.

November 12, 2024
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