Loading...
Market
Leading bidder for Spirit Airlines during bankruptcy proceedings by mid-2025?
2
Resolution / Starting Odds
JetBlue Airways • 25%
American Airlines • 25%
Southwest Airlines • 25%
Other airline • 25%
Official announcements or press releases regarding bidding outcomes
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.
View original story
Similar markets
Successful restructuring • 25%
Acquisition • 25%
Liquidation • 25%
Other outcome • 25%
Frontier Airlines • 25%
JetBlue Airways • 25%
Another airline • 25%
No buyer or partner • 25%
Yes • 50%
No • 50%
Emerges as independent company • 25%
Acquired by another airline • 25%
Ceases operations • 25%
Other outcome • 25%
JetBlue Airways • 25%
Frontier Group • 25%
Other airline • 25%
No acquisition • 25%
Successfully restructures and continues operations • 25%
Merges with another airline • 25%
Liquidates assets and ceases operations • 25%
Other outcome • 25%
Emerges from bankruptcy • 25%
Liquidation • 25%
Acquired by another airline • 25%
Remains in bankruptcy • 25%
Merges with another airline • 25%
Secures new investment • 25%
Files for bankruptcy • 25%
Other outcome • 25%
