Spirit Airlines delays Q3 results, focuses on debt talks amid financial struggles post-pandemic.

Spirit Airlines has postponed its Q3 financial results release, focusing instead on debt restructuring talks with bondholders. The budget airline, struggling to recover from the pandemic's impact and a failed sale to JetBlue, may see its stock canceled if the talks succeed. If talks fail, the airline may consider bankruptcy. Spirit has lost over $2.5 billion since 2020 and faces over $1 billion in debt payments in the coming year.

November 13, 2024
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