Spirit Airlines ( (SAVEQ) ) has issued an announcement.
On November 18, 2024, Spirit Airlines and its subsidiaries filed for Chapter 11 bankruptcy in the Southern District of New York. The bankruptcy court confirmed their reorganization plan on February 20, 2025. The company filed monthly operating reports for December 2024 and January 2025, cautioning investors about the limited scope and unaudited nature of these reports. The reports indicate that equity holders will receive no recovery, reflecting the financial challenges Spirit Airlines faces in restructuring.
More about Spirit Airlines
Spirit Airlines, Inc. operates in the airline industry, providing low-cost air travel services primarily in the United States, Latin America, and the Caribbean. The company focuses on offering affordable travel options with a no-frills approach, targeting budget-conscious travelers.
YTD Price Performance: 6.67%
Average Trading Volume: 3,427,392
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $49.17M
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