JetBlue's And Spirit’s Fates More Uncertain Than Ever
As it begins an appeals process with JetBlue Airways to challenge their blocked merger, Spirit could improve its liquidity through more fleet financings or sales as well as starting negotiations with creditors, analysis suggests.
Credit: Joe Raedle/Getty Images
After pioneering the unbundled model in the U.S., Spirit Airlines has become the country’s largest ultra-low-cost carrier, but its future is questionable after a U.S. District Court in Boston rejected a proposed merger with JetBlue Airways. Once among the fastest-growing U.S. airlines, Spirit has...
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