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Market
Another airline announces acquisition of Spirit Airlines by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements or press releases regarding acquisition deals involving Spirit Airlines
Story
Spirit Airlines Files for Chapter 11 Bankruptcy After Judge Blocks JetBlue Merger
Nov 18, 2024, 10:52 AM
Spirit Airlines, the largest U.S. budget carrier, has filed for Chapter 11 bankruptcy protection in New York court. The airline cited mounting financial losses, significant debt maturities, and a failed merger attempt with JetBlue Airways, which was blocked by a federal judge, as factors contributing to its decision. Despite the bankruptcy filing, Spirit Airlines intends to continue operating its flights while it restructures its debt, which includes $1.1 billion in obligations.
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Frontier Airlines • 25%
JetBlue Airways • 25%
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