Look travel industry collapsing and housing market starting $DRV finally found bottom at $22s at $25 now should be good until Kamala announces and confirms some $50,000 giveaways for homebuyers but still how they going to afford house payments longer term
Shares of Spirit Airlines crashed in premarket trading in New York after a Wall Street Journal report revealed that the struggling airline has been in discussions with bondholders about the possibility of filing for bankruptcy following the collapse of its merger with JetBlue Airways.
The WSJ report was published late Thursday evening.
Here's more color:
The budget carrier has also been exploring restructuring its balance sheet through an out-of-court transaction, though recent talks have been more focused on reaching an agreement with bondholders and other creditors to support a chapter 11 filing, the people said. The timing of such a filing, should it happen, wouldn't be imminent, they said.
Shares in the premarket are around $1.54, down a little more than 31%. Earlier shares tanked as much as 42%. These levels are a record low for Spirit in its 13 years of trading on the public markets.
The latest Bloomberg data shows 31.6 million shares are short, equivalent to about 29.25% of the float.
Market Data 
Markets 
AI
