Spirit Airlines plans to sell planes, cut jobs
Spirit Airlines announced in a regulatory filing this week that it agreed to sell some of its planes and plans to cut its workforce as it seeks to raise cash.
Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air
Spirit Airlines has struggled since its proposed merger with JetBlue was struck down. Reports have emerged in recent weeks it is exploring bankruptcy.
Spirit Airlines reveals plan to cut jobs, sell planes
The share price of cash strapped Spirit Airlines surged again more than 20% on its latest plan to cut costs. The airline has detailed a plan to sell off aircraft and cut jobs. It expects to bring in over $500 million by selling 23 older Airbus jets It will also save about $80 million with some job cuts.
Spirit Air Sells Jets to Boost Cash as Possible Bankruptcy Looms
Spirit Airlines Inc. agreed to sell 23 Airbus SE aircraft for $519 million, giving the budget carrier a much-needed cash boost as it nears a possible bankruptcy filing.
Spirit Airlines Agrees to Sell 23 Planes
The airline said capacity fell 1.2% during the recent quarter and estimates fourth-quarter capacity will be down 20% compared with last year’s quarter.
Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines
Frontier Airlines is revisiting a potential merger with Spirit (SAVE). Read why the acquisition price will likely be much lower than previous offers.
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
Spirit Airlines Inc. is in talks with Frontier Group Holdings Inc. about filing for bankruptcy to facilitate a takeover by the rival discount carrier, according to people with knowledge of the matter.
Spirit Airlines’ Latest Move to Raise Cash: A $519 Million Aircraft Sale
Spirit Airlines is looking for more ways to boost its balance sheet. The aircraft sale would considerably decrease Spirit’s capacity for 2025.
Spirit Airlines announces layoffs, jet sales as it tries to stay afloat
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Frontier Airlines is exploring a revived bid for Spirit Airlines Inc., the Wall Street Journal reported. The budget carriers ...
Frontier, Spirit Airlines Revive Merger Talks
The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible ...
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Spirit and Frontier Airlines Are Talking About a Merger Again, WSJ Says
Spirit and Frontier Airlines have restarted discussions about merging, as Spirit navigates debt restructuring and potential ...
Why Spirit Airlines Stock Is Flying High Today
The future of Spirit Airlines has been up in the air for some time now. In 2022, the airline agreed to combine with Frontier ...
Spirit Airlines stock soars 37% because a merger with Frontier might be back on
After a failed attempt at merging with JetBlue (JBLU), ultra-low-cost carrier Spirit Airlines (SAVE) is reportedly turning ...
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Spirit and Frontier Airlines May Merge — How It Could Affect Customers
Frontier Airlines and Spirit Airlines are reportedly in talks to merge, and the benefits this time might outweigh the risks.
JetBlue's founder thinks Spirit Airlines should have found a better match
The founder of JetBlue Airways (JBLU) added insult to injury following the airline’s ill-fated merger attempt with Spirit ...
Spirit Airlines Jumps the Most Ever on Two-Month Debt Reprieve
Spirit Airlines Inc.’s shares soared the most in 13 years of trading after the carrier secured more time to address a ...