Downgrades Spirit Airlines

Fitch Downgrades Spirit Airlines’ Credit Rating

Spirit Airlines is working on alternatives to improve its liquidity.

Business - Inc. - 6 hours ago

Frontier, Spirit Airlines Revive Merger Talks

The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.

Business - The Wall Street Journal - October 23

Spirit Airlines Plane Shot at in Haiti and Forced to Divert

A day after the prime minister of Haiti was fired, the airport in Port-au-Prince was closed because of the attack on the aircraft. A JetBlue plane was also struck.

World - The New York Times - 4 days ago

Spirit Airlines and JetBlue planes struck by gunfire in Haiti

Flights into and out of Port-au-Prince, Haiti, were suspended after a Spirit Airlines plane was struck by gunfire while attempting to land there.

Spirit Airlines extends debt refinancing deadline hours before expiration

Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.

Business - CNBC - October 18

Frontier reportedly considering renewed merger talks with Spirit Airlines

More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.

Business - MarketWatch - October 23

Spirit Airlines announces layoffs, jet sales as it tries to stay afloat

Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways ...

Business - MarketWatch - October 25

Spirit Airlines furloughs more pilots as part of efforts to cut costs

Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...

Business - MarketWatch - October 31

Ben Baldanza, 62, Dies; Brought No-Frills Flying to Spirit Airlines

He introduced ticket prices that couldn’t be beat, but asked fliers to pay extra for nearly everything, including water, carry-ons and printed tickets.

Business - The New York Times - 6 days ago

Airlines halt flights to Haiti after plane hit by gunfire

Spirit Airlines flight heading from Florida to Port-au-Prince diverted to Dominican Republic after flight attendant was grazed by bullet, amid broader violence in Haiti’s capital. Haiti’s ...

World - The Guardian - 4 days ago

Spirit Airlines flight from Florida hit by gunfire while trying to land in Haiti

A Spirit Airlines flight from Florida was damaged by gunfire en route to Haiti and diverted to the neighboring country of the Dominican Republic, the airline said.

Spirit Airlines flight hit by gunfire in Port-au-Prince

A Spirit Airlines flight was hit by gunfire in Port-au-Prince, Haiti. The flight was headed to Fort Lauderdale, Fla., and was diverted when it was hit. The airline said Flight 951 landed safely in ...

Politics - The Hill - 5 days ago

Spirit Airlines flight attendant injured after plane to Haiti struck by gunfire

A Spirit Airlines flight to Haiti was hit by gunfire on Monday, injuring a flight attendant, as the State Department warned of "gang-led efforts" to stop travel to the country.

Flights to Haiti Canceled After Spirit Airlines, JetBlue Planes Hit by Suspected Gunfire

The main airport in Port-au-Prince is temporarily closed to air traffic. The country is embroiled in political unrest.

World - The Wall Street Journal - 5 days ago

Spirit Airlines flight attendant hurt after plane struck by gunfire

A Spirit Airlines flight from Ft. Lauderdale, Florida, was hit by gunfire as it was landing in Port-au-Prince, Haiti. One flight attendant was hurt and the flight diverted to the Dominican Republic.

Spirit Airlines flight hit with gunfire trying to land in Haiti

A Spirit Airlines flight diverted to the Dominican Republic after it was hit by gunfire while trying to land in Haiti. One flight attendant was injured by flying debris, according to their union. ...

Spirit Airlines mulls bankruptcy, sending its stock price into nosedive

Spirit Airlines, weighed down by mounting debt, is considering filing for bankruptcy protection.

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Business - CNBC - October 25

Several airlines suspend flights to Haiti after JetBlue and Spirit planes hit by gunfire

A number of airlines have suspended flights to Haiti after a Spirit Airlines plane and a JetBlue plane were hit by gunfire amid escalating gang violence in the Caribbean nation. CBS News senior ...

FAA bans U.S.-Haiti flights for 30 days after flights struck by gunfire

A Spirit Airlines plane was struck by gunfire as it was trying to land at Port-au-Prince airport.

Business - CNBC - 4 days ago

Ben Baldanza, Spirit Airlines CEO Who Pioneered Ultralow-Cost Air Travel in the U.S., Dies at 62

He knew his airline offered a stripped-down version of what his competitors did—and he was proud of it.

World - The Wall Street Journal - 4 days ago

Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors

Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that ...

Business - MarketWatch - 3 days ago

Brussels downgrades Eurozone growth forecast to 1.3%

Germany’s economic struggles weigh down on region as US continues to outpace Europe

Business - Financial Times - Yesterday

This AI stock just got downgraded after a 130% rally for the year

Coherent’s transceivers have proved useful for data-center connectivity, but a Rosenblatt analyst sees several factors that could stall the stock’s run.

Business - MarketWatch - October 22

Dog dies on Alaska Air flight after downgrade to coach, lawsuit alleges

Pet owner claims his French bulldog died as a direct result of the airline moving him from first class to coach just before takeoff.

Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade

Aircraft maker is racing to ease pressure on its balance sheet exacerbated by a labour strike

Business - Financial Times - October 29

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 31

S&P downgrades Thames Water debt further into ‘junk’ territory

Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing