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The Latest Breaking News from Ted Christie

Spirit is going private (here is what you need to know)

The low-cost airline first asked for Chapter 11 protection in November 2024.

The Street

Spirit Airlines rejects Frontier’s white-knight offer to create low-cost behemoth—but they’re leaving the door open

Frontier said a deal would have created the fifth-largest airline to compete with the big four.

Fortune

Bankrupt budget airline decides on rival's purchase offer

Bankrupt airline has problems reaching a sale agreement.

The Street

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Investor calls out Spirit Airlines CEO's pre-bankruptcy bonus

A letter to a bankruptcy judge claims "gross enrichment of the very people responsible for Spirit's financial collapse."

The Street

Outrage Soars Over Spirit Airlines CEO's £3M Bonus Cheque Payday Amid Worker Layoffs

Spirit Airlines' CEO received a $3.8M bonus before bankruptcy, while the company faces $2.5B in losses and an unspecified number of job cuts.

International Business Times UK

Spirit Airlines files for Chapter 11 bankruptcy (you can still fly on it)

The airline sent customers a letter about how bankruptcy affects future flights.

The Street

Spirit stock tumbles amid bankruptcy talks

The airline and bondholders have discussed the possibility of a restructuring in Chapter 11, a report says.

The Street

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Spirit Airlines Explores Bankruptcy; JetBlue, Frontier Rally

Spirit Airlines is weighing Chapter 11 bankruptcy after its $3.8 billion merger with JetBlue fell through. Airline stocks active, Delta earnings due.

Investors Business Daily

Spirit Airlines Reportedly Exploring Bankruptcy Filing, Shares Plunge

The airline is also negotiating an out-of-court agreement with bondholders to address its financial challenges following the collapse of its merger with JetBlue Airways

International Business Times

Spirit Air is also making a change that many passengers won't like

After Southwest said it would end open seating, discount carrier Spirit also makes a potentially unpopular policy change.

The Street

Spirit Airlines is going upscale. In a break from its history, it will offer fares with extra perks

Spirit Airlines is about to roll out tickets that include perks like free snacks and no fee for checking a bag

The Independent UK

Spirit CEO says airline will not file for bankruptcy

Spirit CEO Ted Christie said he’s “encouraged” by its plan after the JetBlue deal collapse.

The Street

Spirit just made an announcement that signals more bad news

The airline has been struggling after a series of unprofitable quarters.

The Street

Spirit Airlines To Defer $340 Million In Airbus Deliveries, Prepares To Furlough 260 Pilots

Spirit Airlines announces the deferral of Airbus deliveries and plans for pilot furloughs as part of comprehensive cost-cutting amid industry uncertainty.

International Business Times

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The Street

Spirit Airlines faces Chapter 11 bankruptcy fears

Creditors of the airline are bracing for the worst as over $1 billion in debt looms.

The Street

Leaked memo shows Spirit offering employees buyout packages to bring down costs

Returning to profitability 'will require a series of tough decisions,' Spirit's CEO said in a leaked staff memo.

The Street

Here is why Spirit Airlines is permanently leaving this major airport

"We're forced to make some tough choices," an airline spokesperson said.

The Street

Spirit Just Grounded Seven Planes Over 'Frustrating' Problem

Spirit Airlines CEO Ted Christie called this a 'frustrating and disappointing development.'

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WEKU

JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline

The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with Frontier Airlines fell apart. The deal still needs approval from antitrust regulators.

Tribune News Service

Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover

Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.

Miami Herald

Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger

For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.

Benzinga

Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

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