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Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity ‘Cancellation:’ Here’s What It Means For Investors As Shares Fall With A Thud
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Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity ‘Cancellation:’ Here’s What It Means For Investors As Shares Fall With A Thud

  • November 13, 2024
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Shares of Spirit Airlines Inc. (NYSE: SAVE) plunged by 62.73% in after-hours and closed nearly 5.29% lower at $3.22 apiece on Tuesday after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.

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​Shares of Spirit Airlines Inc. (NYSE: SAVE) plunged by 62.73% in after-hours and closed nearly 5.29% lower at $3.22 apiece on Tuesday after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
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