From Financial Modeling Prep: 2024-11-19 08:12:00

Spirit Airlines (NYSE:SAVE) has filed for Chapter 11 bankruptcy protection to restructure its debt and ensure long-term stability. The airline secured a $350 million equity investment from bondholders and plans to convert $795 million in debt to equity. Operations will remain unaffected, with $300 million in financing to support ongoing services.



Read more at Financial Modeling Prep:: Spirit Airlines Files for Bankruptcy to Restructur…