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Photo by: Matt Rourke/AP The low-cost carrier has been looking to merge with another airline…
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Spirit Airlines stock plunges amid report of possible bankruptcy
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- November 14, 2024
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Photo by: Matt Rourke/AP The low-cost carrier has been looking to merge with another airline for the past couple of years amid growing competition in the industry. By: Scripps News Staff Spirit Airlines stock dropped more than 50% on Wednesday upon news the company may file for bankruptcy. The Wall Street Journal reported on Tuesday that Spirit is preparing to file for bankruptcy after merger talks with Frontier Airlines fell through. Spirit is one of the country's largest low-cost carriers — with service across 90 destinations in the U.S., Latin America and the Caribbean. The company became famous for its a la carte offerings, allowing customers to customize their experience. For instance, travelers can pay extra to select their seats, carry on…
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