Spirit Airlines Shares Crater In After-Hours Trading As It Nears Bankruptcy Deal That Could Wipe Out Shareholders
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Spirit Airlines shares plummeted in after-hours trading following news of potential bankruptcy and a failed merger with Frontier. The company is negotiating with creditors to restructure its debts, which could result in shareholders losing their investments.
November 13, 2024 | 6:30 am
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Spirit Airlines is in talks to restructure its debts, potentially leading to bankruptcy and wiping out shareholders. The planned merger with Frontier has also failed.
The news of Spirit Airlines negotiating with creditors for debt restructuring and potential bankruptcy is critical for shareholders, as it could lead to their investments being wiped out. Additionally, the failure of the merger with Frontier adds to the negative outlook, causing a sharp decline in stock prices.
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