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

The budget carrier has been discussing a possible restructuring agreement to be implemented in chapter 11.

The stock crashed 34% to $1.39 in premarket trading, putting it on course to open at a record low. Even before Friday’s plunge, Spirit shares were down 86% for the year with inv

Shares in Spirit Airlines (SAVE) sank, after the Wall Street Journal reported that the budget carrier has been discussing a poss

Key Takeaways Shares of discount airlines Frontier Group Holdings and JetBlue soared on a report that rival Spirit Airlines is holding discussions about a possible bankruptcy.The Wall Street Journal said Spirit is holding talks with bondholders and other creditors about a Chapter 11 filing.

Spirit’s shares sank as much as 42% in premarket trading Friday and its so-called “loyalty bonds,” about $1 billion of 8% notes due 2025, declined as much as 6 cents on the dollar to 45 cents, according to pricing source Trace.

Spirit Airlines shares fell 30% on Thursday following a report it could file for bankruptcy. All 12 teams were broadcast under DSG's regional sports network brand Bally Sports for this past season. Poor Makari Vickers had no idea what was coming.