‘You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcy
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Spirit Airlines has announced it will enter Chapter 11 bankruptcy proceedings with support from a majority of its bondholders. The airline assures that operations will continue as normal during this period.
November 18, 2024 | 5:30 pm
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Spirit Airlines is entering Chapter 11 bankruptcy with backing from a supermajority of its bondholders, ensuring continued operations.
The announcement of Chapter 11 bankruptcy typically has a negative impact on stock prices due to concerns about financial stability. However, the backing from bondholders and assurance of continued operations may mitigate some negative sentiment.
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