"JetBlue Merger Veto Boosts Spirit Airlines Stock and Future"
TL;DR Summary
Spirit Airlines' stock rose over 20% in morning trading after reporting strong holiday travel revenue, expecting to post $1.3 billion in fourth-quarter revenue, and facing uncertainty following a federal judge's rejection of JetBlue's acquisition proposal. The struggling discount carrier, which faces $1.1 billion in debt maturing next year, is evaluating its options as some analysts suggest bankruptcy may be its only viable path forward.
- Spirit Air stock bounces back a bit, airline says holiday travel boosted revenue Yahoo Finance
- Spirit eyes refinancing after JetBlue merger veto | REUTERS Reuters
- Spirit Airlines jumps more than 20% after raising fourth-quarter forecast CNBC
- Spirit Airlines could be forced out of business after JetBlue deal blocked, analyst says CNN
- SCOTUS May Cut Agency Power & JetBlue Spirit Deal Nixed | Bloomberg Law Bloomberg Podcasts
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