Ultra-low-cost carrier Spirit Airlines, which is credited for popularizing budget air travel, has filed for bankruptcy at a New York bankruptcy court following years of mounting losses and struggles to keep up with the rising competition. However, the airline will still keep operating thanks...
Shares of Spirit Airlines have crashed by 32% in after-hours trading on Thursday after reports surfaced that the company is considering bankruptcy.
According to the Wall Street Journal, Spirit is currently engaged in talks with bondholders and other creditors with the intention to explore potential...
For those who are a bit out of the aviation loop, JetBlue recently acquired budget adversary Spirit Airlines. This looks to be a successful merger for the most part—but if you ask Frontier Airlines CEO Barry Biffle, he believes the collaboration could actually do...
Frontier Airlines has presented a new offer for a merger with rival low-budget airline Spirit. The significantly improved bid comes just days ahead of the scheduled vote of Spirit shareholders that will decide the fate of the company.
Frontier is now offering $4.13 per share,...
JetBlue Airways still hasn't given up on attempts to take over competitor Spirit Airlines. After their initial offer fell short, JetBlue made an improved offer on Monday and is now willing to pay $31.50 per share.
The new terms would see shareholders getting $31.50 in...
