Spirit Airlines CEO Says Engaged In Productive Conversations With Advisors Of Our Bondholders To Address Upcoming Debt Maturities; Says Low-Fare Model Is Not Broken Or Obsolete
Portfolio Pulse from Benzinga Newsdesk
Spirit Airlines CEO has stated that the company is engaged in productive conversations with advisors of their bondholders to address upcoming debt maturities. The CEO also emphasized that the low-fare model is not broken or obsolete.
August 01, 2024 | 2:11 pm
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Spirit Airlines is actively engaging with bondholder advisors to manage upcoming debt maturities, indicating proactive financial management. The CEO's reassurance about the low-fare model's viability may boost investor confidence.
The proactive approach to managing debt maturities and the CEO's positive statement about the low-fare model can be seen as positive signals for investors, potentially leading to a short-term price increase.
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