Things briefly reversed course recently. From Oct. 18 to Nov. 11, shares of the troubled airline surged 131% higher. The company initially gave shareholders a sigh of relief when it said it was able to secure an extension with bondholders to refinance its debt.

Airline investors should pack their bags. The news of the past couple of weeks promises to send them on a long and profitable trip. One company, though, looks like it will be left on the tarmac. Spirit Airlines said this week that it is looking to restructure its debt,

The last year has been a period of uncertainty and bad news for Spirit Airlines . The low-cost carrier spent the first half of 2024 reassuring investors that bankruptcy was not in

Spirit Airlines is taking aggressive steps to avoid bankruptcy, but the best-case outcome still isn't likely to result in a huge payday.

Spirit Airlines is pursuing a potential debt restructuring deal that could reportedly result in a bankruptcy filing within weeks and San Antonio has a vested interest in how that process plays out. The Florida-based carrier has continued to expand its presence in the Alamo City over the last several months,