Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Celebrity

Spirit Airlines Is Reportedly Preparing To File For Bankruptcy

rmtsa by rmtsa
November 14, 2024
in Celebrity
0
Spirit Airlines Is Reportedly Preparing To File For Bankruptcy
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Victoria Monét Says Her Team Urged Her To ‘Get An Abortion’

Texas Candidate Isaiah Martin Arrested During Public Hearing

Beyoncé’s SirDavis Whisky Is Back—But Not For Long – Essence

Roomies, Spirit Airlines is reportedly preparing to file for bankruptcy.

RELATED: UPDATE: 2 Victims Reportedly Identified Following Fatal Explosion Involving Delta Plane Tire Near Atlanta Airport

More Details On Spirit Airlines Reportedly Preparing To File For Bankruptcy

According to Fox Business, the airline’s most recent attempt to merge with Frontier Airlines has reportedly fallen through, with the latter company walking away from the potential plans. Subsequently, Spirit is now reportedly preparing to file for Chapter 11 bankruptcy protection.

Additionally, the outlet notes that the recent merge attempt is Spirit’s second failed try in less than two years. Per the outlet, Spirit previously attempted to merge with Jet Blue. However, the initiative was reportedly “blocked by regulators… over concerns that the deal would hurt the availability of low-cost air travel tickets.”

The repeated bad news reportedly leaves the airline “facing significant financial challenges.” This is reportedly because the “ultra-low-cost carrier” is “struggling to recover from mounting losses and debt maturities.” Per the outlet, “people familiar with the matter” have asserted that the company will file for bankruptcy “within weeks.”

Here’s What Has Happened Since The Airline’s Reported Plans

Amid the company’s reported pending filing, it has reportedly sold multiple aircrafts and laid off employees in an attempt to “raise cash and revive operations.” Furthermore, within the next year, Spirit reportedly plans to reduce costs and expenses by $80 million.

Despite the company’s plans, the airline’s stock price reportedly “plummeted” by 59% on Wednesday, November 13, per Yahoo! Finance. Furthermore, the outlet adds that Spirit’s stock price has declined by 90% since the beginning of the year.

Here’s Why Spirit Airlines Recently Made Headlines

The reported news of Spirit’s potential bankruptcy filing arrives amid the airline recently making headlines. As The Shade Room previously reported, in October, one flight went viral after passengers reportedly spotted a “super rat” climbing the ceiling of the aircraft.

Furthermore, in more severe headlines, earlier this week, another Spirit Airlines flight was riddled with gunfire as it attempted to land in Haiti.

RELATED: Wayment What!? Spirit Airlines Plane Hit By Gunfire While Attempting To Land In Haiti

What Do You Think Roomies?





Source link

Tags: AirlinesBankruptcyfilepreparingreportedlySpirit
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Victoria Monét Says Her Team Urged Her To ‘Get An Abortion’

by rmtsa
July 29, 2025
0
Victoria Monét Says Her Team Urged Her To ‘Get An Abortion’

Source: MICHAEL TRAN / Getty Victoria Monét has publicly shared a deeply personal story about her journey to motherhood, revealing that she was advised by a member of her...

Read more

Texas Candidate Isaiah Martin Arrested During Public Hearing

by rmtsa
July 29, 2025
0
Texas Candidate Isaiah Martin Arrested During Public Hearing

Resist! Source: Via @isaiahrmartin / x Texas congressional candidate Isaiah Martin was arrested on July 24 during a public hearing on redistricting after refusing to stay quiet about...

Read more

Beyoncé’s SirDavis Whisky Is Back—But Not For Long – Essence

by rmtsa
July 28, 2025
0
Beyoncé’s SirDavis Whisky Is Back—But Not For Long – Essence

Courtesy Kick off your summer soirées in style—SirDavis American Whisky is back with a buzz. After selling out in just three hours earlier this month, the brand’s limited-edition...

Read more

Candace Owens Just Got Sued By The French President

by rmtsa
July 28, 2025
0
Candace Owens Just Got Sued By The French President

Source: Jason Davis/ NurPhoto S’il vous plaît, sunken sis! Here’s a question that I’m sure has already been asked millions of times, but is worth asking again: WTF...

Read more

Beyoncé Reunitese Destiny’s Child At Last Cowboy Carter Concert

by rmtsa
July 27, 2025
0
Beyoncé Reunitese Destiny’s Child At Last Cowboy Carter Concert

Beyoncé concluded her Cowboy Carter Tour with a final performance in Las Vegas, marking the end of a historic run. The concert, held at Allegiant Stadium on this...

Read more
Next Post
Mike Tyson Gives Blunt Answer On Legacy During Interview With Kid

Mike Tyson Gives Blunt Answer On Legacy During Interview With Kid

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Street Fighter Swimsuit Special in Udon’s Full October 2025 Solicits
  • Social Media Reacts To Karrueche Seemingly Dating Coach Prime
  • NBC Announces Fall 2025 Premiere Dates, Including ‘Brilliant Minds’ ‘Law & Order,’ and ‘One Chicago’

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In