- Reuters
Spirit Airlines not considering Chapter 11 bankruptcy
CEO Ted Christie's remarks come as the Florida-based company continues to reel from the grounding of several of its aircraft, as well as bloated industry capacity in key markets. Some analysts have also questioned Spirit's ability to manage debt, which is due to mature in 2025 and 2026, as the airlines has continued to lose money despite a strong travel season. The carrier announced plans to cut costs in April, including furloughing about 260 pilots and delaying all aircraft deliveries scheduled from the second quarter of 2025 through 2026.
- Zacks
Here's Why Investors Should Hold on to Spirit Airlines (SAVE)
Spirit Airlines' (SAVE) top line is bolstered by an uptick in air travel demand. However, high operating expenses and elevated capital expenditures are a major headwind.
- Zacks
Airline Stock Roundup: JBLU's Improved Q2 Revenue View, RYAAY's Rosy May Traffic
Upbeat air travel demand leads JetBlue (JBLU) to issue an improved revenue view for second-quarter 2024 and boosts Ryanair's (RYAAY) May traffic.
