Spirit Airlines Faces Potential Bankruptcy as Oct. 21 Deadline to Renegotiate $1 Billion Debt Looms
The airline is grappling with over $1 billion in debt, and a looming October 21 deadline to renegotiate that debt has sparked concern. These challenges come after the collapse of Spirit’s planned acquisition by JetBlue, which was blocked by a federal judge earlier this year due to antitrust concerns.