Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors
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Spirit Airlines has warned that its equity would be wiped out if it reaches a bankruptcy deal with its creditors. The airline is expected to file for bankruptcy in the coming weeks.
November 13, 2024 | 2:30 pm
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Spirit Airlines (SAVE) has announced that its equity would be wiped out if it reaches a bankruptcy deal with creditors. The company is expected to file for bankruptcy soon.
The announcement of a potential bankruptcy filing and equity wipeout is a significant negative development for Spirit Airlines. This news is likely to lead to a decline in the stock price as investors react to the increased risk of total equity loss.
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