Spirit Airlines has commenced a $350 million equity rights offering, as part of ongoing efforts to restructure under Chapter 11 bankruptcy.On December 30, 2024, the company began a $350 million equity...
Spirit Airlines has disclosed that it has entered into a restructuring support agreement (RSA) that will be implemented while the airline company is in a pre-arranged Chapter 11 bankruptcy protection...
Struggling low-cost carrier Spirit Airlines is reportedly in early-stage merger negotiations with other low-cost carrier Frontier Airlines' parent the Frontier Group, according to a Wall Street Journa...
Spirit Airlines posted a net loss of $192 million for the second quarter of 2024 - adjusted to a loss of $157.9 million. In its earnings call, CEO and president Ted Christie said the ""disappointing r...
Dublin-based lessor AerCap has yet again posted strong results in its second quarter 2024 earnings report. Its total revenues were approximately $2bn, up from $1.9bn last year in the quarter and meeti...
Alaska Air Group and Hawaiian Holdings have agreed with the US Department of Justice (DOJ) to extend the review period of Alaska's $1.8bn acquisition of Hawaiian. The original deadline for the review ...
Spirit Airlines has lowered its second quarter 2024 guidance on July 16, 2024. Revenues for the financial period has been adjusted to $1.28bn. It had originally estimated revenues to be just over ...
Spirit Airlines board of directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. Wallman is currently a director of CECO Environmental, Charles River Laboratories ...
Spirit Airlines has appointed Fred Cromer as executive vice president and chief financial officer (CFO), effective July 8, 2024. Spirit said that Cromer will “work closely with the company's interi...
S&P Global Ratings has downgraded to 'CCC' from 'CCC+' as the company struggles with its debt and liquidity position. S&P said: ""In our view, recent events indicate a rising probability of a restr...
Aircraft Leasing & Management (ALM), a wholly owned subsidiary of Fuyo General Lease (Fuyo), delivered an Airbus A320-200neo aircraft to Spirit Airlines on March 15, 2024. This aircraft is the four...
Spirit Airlines has increased its check bag weight allowance to 50 pounds, bringing it up from 40 pounds and aligning it with the US legacy carriers' baggage allowance. In addition, it has extended...
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