From CNBC: 2024-06-07 11:55:04

Spirit Airlines CEO Ted Christie reassures that the airline is not considering bankruptcy after failed JetBlue takeover. The company faces challenges with changing travel demand and competition, including a Pratt & Whitney engine recall. S&P Global Ratings downgraded Spirit, citing concerns about refinancing debt. The airline has taken steps to save cash, including deferring some Airbus deliveries and changing its business model.



Read more at CNBC: Spirit Airlines CEO says not considering chapter 11