- Bloomberg
Spirit Air Loses CFO to Hertz as Both Companies Face Reboots
(Bloomberg) -- Spirit Airlines Inc. is losing its chief financial officer to another troubled company — Hertz Global Holdings Inc. — as the carrier works to restructure a crushing debt load and the car rental company reboots after a failed bet on electric vehicles.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Star
- Reuters
Spirit Airlines finance chief to join car rental firm Hertz
Shares of both Spirit and Hertz were up over 2% in premarket trading. The transition at Spirit comes at a time when the carrier has been losing money despite booming travel demand, raising questions about its ability to manage debt that is due to mature in 2025 and 2026. Meanwhile, Hertz is reported to be exploring options to raise financing as it struggles with the EV rental business.
