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Spirit Airlines completes debt restructuring by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Spirit Airlines or court filings regarding the completion of the restructuring process
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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Successful restructuring • 25%
Bankruptcy filing • 25%
Acquisition by another airline • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Full refinancing secured • 25%
Partial refinancing secured • 25%
No refinancing secured • 25%
Company defaults • 25%
Successfully refinanced • 25%
Partially refinanced • 25%
Not refinanced • 25%
Other outcome • 25%
Successfully exits bankruptcy and resumes normal operations • 25%
Merges with another airline • 25%
Liquidates assets and ceases operations • 25%
Remains in bankruptcy • 25%
Emerges as independent company • 25%
Acquired by another airline • 25%
Ceases operations • 25%
Other outcome • 25%