Loading...
Market
How will Spirit Airlines' stock perform compared to industry average by end of Q2 2025?
3
Resolution / Starting Odds
Outperforms industry average • 25%
Performs at industry average • 25%
Underperforms industry average • 25%
Stock delisted • 25%
Stock market data from financial platforms like Bloomberg or Yahoo Finance
Story
Spirit Airlines Prepares for Bankruptcy, Stock Plummets 42% After Merger Talks Fail
Nov 12, 2024, 10:36 PM
Spirit Airlines Inc. is preparing to file for bankruptcy protection after merger talks with Frontier Airlines Holdings Inc. broke down, according to sources familiar with the matter. The airline's stock, listed under the ticker $SAVE, experienced a significant drop of 42% following the news. The collapse of the merger talks has left Spirit Airlines in a precarious financial position, potentially leading to the cessation of operations. Earlier this year, the Department of Justice (DOJ) blocked a proposed merger between Spirit and JetBlue Airways Corp., which would have provided Spirit with a lifeline.
View original story
Similar markets
Increase by more than 20% • 25%
Decrease by more than 20% • 25%
Change within ±20% • 25%
Delisted • 25%
Above 50% of current value • 25%
Between 25% and 50% of current value • 25%
Between 0% and 25% of current value • 25%
Below current value • 25%
Recovers to pre-bankruptcy levels • 25%
Recovers partially • 25%
Remains below pre-bankruptcy levels • 25%
Falls further • 25%
Recovers to above $5 per share • 25%
Remains between $1-$5 per share • 25%
Falls below $1 per share • 25%
Delisted • 25%
Recovers to pre-bankruptcy levels • 25%
Remains below pre-bankruptcy levels • 25%
Exceeds pre-bankruptcy levels • 25%
Stock delisted • 25%
Increases by more than 50% • 25%
Increases by 0-50% • 25%
Decreases by 0-50% • 25%
Decreases by more than 50% • 25%
Above $20 • 25%
$15 - $20 • 25%
$10 - $15 • 25%
Below $10 • 25%
Recovers above $20 • 25%
Between $10 and $20 • 25%
Below $10 • 25%
Delisted • 25%
Increases significantly • 25%
Remains stable • 25%
Decreases slightly • 25%
Decreases significantly • 25%
Bankruptcy filed • 25%
Debt restructured • 25%
Shutdown operations • 25%
Continues operations without filing • 25%
Remains the same • 25%
Increases • 25%
Decreases • 25%
Unknown/Other • 25%