“Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here”
Spirit Airlines is facing an Oct. 21 deadline to refinance debt that’s due next year.
The airline is reportedly considering filing for Chapter 11 bankruptcy protection.
The iconic budget carrier has been hammered by a blocked acquisition by JetBlue, changing consumer travel patterns, higher costs and an engine recall.” — CNBC
Editor: At I&Y, we don’t invest in individual stocks, LONG or SHORT. Have we missed out on some excellent opportunities both ways? Yes! FOMO though does not bother us. By the way, our paper trades seem to always work out. Follow and review Our Approach for our rationale.