Spirit Airlines CFO Scott Haralson To Depart; Names Brian McMenamy Interim CFO

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...

RTTNews | vor 35 Tagen

Spirit Inks Deal With Airbus To Defer All 2025-26 Deliveries Of Aircraft Orders By Five Years

Spirit Airlines, Inc. (SAVE) announced Monday it reached an agreement with Airbus SE to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.

RTTNews | vor 259 Tagen

Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.

RTTNews | vor 319 Tagen

JetBlue, Allegiant Ink Divestiture Deal In Connection With JetBlue's Combination With Spirit

JetBlue Airways Corp. (JBLU) and Allegiant (ALGT) announced Monday that the airlines have entered into a definitive agreement under which JetBlue will transfer to Allegiant all of the holdings of Spirit Airlines, Inc. (SAVE) at Boston Logan International Airport and Newark Liberty International Airport.

RTTNews | vor 469 Tagen

US Justice Department Sues To Block Proposed JetBlue- Spirit Merger

The US Justice Department or DOJ has filed a civil antitrust lawsuit to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines, Inc., saying the deal is presumptively anticompetitive. The lawsuit, filed in the District of Massachusetts, alleges that the acquisition would allow JetBlue to eliminate...

RTTNews | vor 657 Tagen

Spirit Airlines Shareholders Approve Merger With JetBlue Airways

Spirit Airlines, Inc. (SAVE) announced Wednesday that its stockholders approved the merger agreement with JetBlue Airways Corp. (JBLU).

RTTNews | vor 796 Tagen

Sensex, Nifty Give Up Early Gains

Indian shares fluctuated in early trade on Tuesday despite positive cues from global markets.

RTTNews | vor 5Std 50 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders seemed reluctant to make more significant moves amid what is likely to be a quiet week due to the Christmas Day holidays. Optimism about more interest rate cuts by the U.S. Fed next year is aiding market sentiment. Asian markets closed mostly higher on Monday.

RTTNews | vor 6Std 39 Minuten

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