South Florida-based Spirit Airlines indicated it is still focusing on recasting the terms of its debt with bondholders, but did not address a national report that it has discussed a Chapter 11

By Pratyush Thakur and Rajesh Kumar Singh (Reuters) -Shares of Spirit Airlines plunged 37% to a record low on Friday after a report that the ultra low-cost carrier was discussing a potential bankruptcy filing.

Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a snag after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.

A blocked merger with JetBlue, an engine recall and changing consumer habits contributed to Spirit's troubles.

Spirit Airlines is considering filing for bankruptcy after mounting financial losses, according to the Wall Street Journal.

A Wall Street Journal report claimed budget carrier Spirit Airlines was contemplating a bankruptcy filing amid financial woes. The airline posted losses in five of its last six quarters amid struggling conditions as it tries to make a profit.