Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported , citing people familiar with the matter. The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a majority of creditors, the report said. Spirit is preparing a bankruptcy filing within weeks, the report added.

Spirit did not immediately respond to a Reuters request for comment. Shares plummeted 35% to $2.07 in after-hours trading.



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