Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy – CNBC
Spirit continues to teeter, most recently agreeing to extend its credit card processor agreement but only after giving up millions to make it happen. The struggle continues.
At least it avoided a 100% holdback. That would’ve been catastrophic.
I’m not optimistic about their chances of survival at this point. I wouldn’t be surprised if they go into Ch.7 before 2026. I can’t think of any carrier offhand that would want to buy/merge with the yellow disaster.
Leave a Reply