Loading...
Market
How will Spirit Airlines' stock price change by end of Q1 2025?
2
Resolution / Starting Odds
Increase by more than 20% • 25%
Decrease by more than 20% • 25%
Change within ±20% • 25%
Delisted • 25%
Stock market data from financial news outlets or stock exchanges
Story
Spirit Airlines Files for Chapter 11 Bankruptcy After JetBlue Merger Fails
Nov 18, 2024, 10:34 AM
Spirit Airlines Inc. has filed for Chapter 11 bankruptcy protection in a New York court, following years of financial losses and a failed merger with JetBlue Airways Corp. The airline, known for its budget travel model, has struggled with mounting debts and a significant drop in share value, with shares plummeting 61% after Frontier Group Holdings Inc. reportedly withdrew its acquisition bid. Spirit aims to slash $1.1 billion in debt while continuing operations. The filing comes after the carrier faced challenges from increased competition, a long run of quarterly losses, and the impact of the travel industry's recovery from the Covid-19 pandemic.
View original story
Similar markets
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%
Increases by more than 50% • 25%
Increases by 0-50% • 25%
Decreases by 0-50% • 25%
Decreases by more than 50% • 25%
Recovers to pre-bankruptcy levels • 25%
Remains below pre-bankruptcy levels • 25%
Exceeds pre-bankruptcy levels • 25%
Stock delisted • 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%
Outperforms industry average • 25%
Performs at industry average • 25%
Underperforms industry average • 25%
Stock delisted • 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%
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%