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An update from Spirit Airlines ( (SAVEQ) ) is now available.
Spirit Airlines announced it is proceeding with a standalone recapitalization plan after rejecting a proposal from Frontier Group Holdings, which had offered a combination involving debt and equity exchange. The proposal was deemed inadequate by Spirit’s management due to unresolved risks and lesser value for stakeholders. Spirit continues its restructuring process to reduce debt and improve long-term viability, with a plan confirmation hearing set for February 13, 2025, and widespread creditor support already in place.
More about Spirit Airlines
Spirit Airlines is a prominent low-fare carrier focused on offering value-driven travel experiences with flexible and affordable options. It operates one of the youngest and most fuel-efficient fleets in the U.S., covering destinations across the United States, Latin America, and the Caribbean. Spirit is also engaged in community upliftment through the Spirit Charitable Foundation.
YTD Price Performance: 74.05%
Average Trading Volume: 7,736,745
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $83.05M
For detailed information about SAVEQ stock, go to TipRanks’ Stock Analysis page.
