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-0.000868809730668965 0.000868809730668965 0.00521285838401379 0.00347523892267586 -0.0147697654213727 -0.00434404865334498 -0.00434404865334498 -0.00434404865334498
Stock impact report

Spirit Airlines reaches deal to emerge from bankruptcy, avoiding closure threat [Yahoo! Finance Canada]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
The budget airline announced Tuesday that it made an agreement with creditors that will allow it to emerge from bankruptcy later this spring or early summer. “Spirit will emerge as a strong, leaner competitor that is positioned to profitably deliver the value American consumers expect at a price they want to pay,” CEO Dave Davis said in a statement. Spirit, a no-frills carrier that charges very low base fares and fees for extras, filed its second bankruptcy last year . The airline has struggled to stem losses that started during the pandemic as demand shifted away from low-fare offerings toward more comfortable, experience-driven travel. Companies often emerge from bankruptcy with lower debt and operating costs. But Spirit repeatedly warned investors in recent years that there was “ substantial doubt ” it would be able to stay in business. The airline's presence in the US market is important even to passengers who never fly its planes. Spirit's low-fare model has forced large Show less Read more
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