Spirit’s shares sank as much as 42% in premarket trading Friday and its so-called “loyalty bonds,” about $1 billion of 8% notes due 2025, declined as much as 6 cents on the dollar to 45 cents, according to pricing source Trace.

Shares in Spirit Airlines (SAVE) sank, after the Wall Street Journal reported that the budget carrier has been discussing a poss

The stock crashed 34% to $1.39 in premarket trading, putting it on course to open at a record low. Even before Friday’s plunge, Spirit shares were down 86% for the year with inv

KEY TAKEAWAYS Spirit Airlines shares are tumbling 40% in premarket trading Friday as the carrier reportedly is exploring a bankruptcy filing in the wake of its failed $3.8 billion merger with rival JetBlue Airways.

The budget carrier has been discussing a possible restructuring agreement to be implemented in chapter 11.

Discount carrier Spirit Airlines is reportedly considering a Chapter 11 bankruptcy filing following its failed merger with JetBlue.

Shares of discount airlines Frontier Group Holdings and JetBlue surged Friday on a report that rival Spirit Airlines is holding discussions about a possible bankruptcy.

The stock-market reaction to Spirit Airlines’ troubles shows that every cloud can indeed have a silver lining. Shares in Spirit plummeted about 27% Friday following The Wall Street Journal’s report th

Shares of Frontier Airlines parent Frontier Group Holdings (ULCC 17.34%) are up 18% as of midday Friday, followed closely by JetBlue Airways' (JBLU 13.75%) 16% surge. Both rallies

Spirit Airlines (SAVE) lost more than a quarter of its remaining value Friday — it’s down 28% after investors suspected it might file for bankruptcy soon. The Wall Street Journal reported Thursday that the company is in talks with bondholders about what a debt restructuring might look like.