Loading...
Market
What will Spirit Airlines' market position be by end of 2025?
2
Resolution / Starting Odds
Remains in top 5 • 25%
Drops out of top 5 • 25%
Gains market share • 25%
Loses market share • 25%
Market share reports from aviation industry analysts
Story
Spirit Airlines Secures $300 Million, Extends Debt Deadline to December, Shares Surge 45% from Record Low
Oct 21, 2024, 12:32 PM
Spirit Airlines has been granted an extension on its debt refinancing deadline, moving it from October 21 to December 23. This extension provides the budget carrier additional time to address its significant debt bill due in 2025, potentially averting bankruptcy. The company has borrowed the entire $300 million available under a senior secured credit facility due in September 2026. Following the announcement, Spirit Airlines' shares saw a significant increase, jumping 45% as investors reacted positively to the news. Prior to the extension, Spirit Airlines shares had hit a record low and were up 36.1% pre-market.
View original story
Similar markets
Increases significantly • 25%
Remains stable • 25%
Decreases significantly • 25%
Ceases to exist • 25%
Increases significantly • 25%
Remains stable • 25%
Decreases slightly • 25%
Decreases significantly • 25%
Remains the same • 25%
Increases • 25%
Decreases • 25%
Unknown/Other • 25%
Increase • 25%
Decrease • 25%
No significant change • 25%
Data not available • 25%
Increased • 25%
Decreased • 25%
Unchanged • 25%
No longer operational • 25%
Successfully exits bankruptcy and resumes normal operations • 25%
Merges with another airline • 25%
Liquidates assets and ceases operations • 25%
Remains in bankruptcy • 25%
Recovers to pre-bankruptcy levels • 25%
Remains below pre-bankruptcy levels • 25%
Exceeds pre-bankruptcy levels • 25%
Stock delisted • 25%
Files for bankruptcy • 25%
Secures a merger • 25%
Receives government bailout • 25%
Continues operations independently • 25%
Bankruptcy filed • 25%
Debt restructured • 25%
Shutdown operations • 25%
Continues operations without filing • 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%
JetBlue Airways • 25%
Frontier Group • 25%
Other airline • 25%
No acquisition • 25%