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Spirit Airlines stock plunges 60% on report it is preparing to file for bankruptcy protection

Spirit Airlines faces bankruptcy amid a 60% stock drop due to financial losses, debt restructuring talks, and failed merger intentions with Frontier Airlines.

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Futures slip as markets await inflation data for clues on Fed's rate path

U.S. stock index futures fall ahead of inflation data, with mixed results in major stocks and concerns over Treasury yields and potential interest rate cuts.

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Spirit Airlines prepares to file for bankruptcy, WSJ reports

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FAA bars US airlines from Haiti after gunfire hits three planes

The FAA has prohibited U.S. airlines from operating in Haiti for 30 days after gunfire incidents involving commercial jets, citing serious safety risks amid increasing security instability.

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Spirit Airlines flight hit by gunfire while approaching Haiti's Port-au-Prince, Miami Herald reports

A Spirit Airlines flight was struck by gunfire in Port-au-Prince, injuring a flight attendant and leading to halted flights at Toussaint Louverture International Airport.

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Airline stocks outperform S&P 500 in October: BofA

In October, airline stocks gained 20.2%, outperforming the S&P 500's 8.1%. Year-to-date, airlines report 33.1%, driven by capacity management and improved domestic pricing.

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JetBlue forecasts full-year revenue below Street estimates, shares fall

JetBlue Airways forecasts a greater-than-expected revenue decline in 2024 due to election-related uncertainty and higher costs, leading to a significant drop in its stock price.

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Biden administration launches broad inquiry into air travel competition market

The U.S. is launching an inquiry into airline competition, focusing on mergers and antitrust issues, amid efforts to ensure better service and pricing for travelers.

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Spirit Airlines stock surges on report Frontier merger talks revived

Spirit Airlines shares rose 32% after reports of renewed merger talks with Frontier Airlines amid financial struggles and ongoing restructuring efforts.

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Frontier, Spirit Airlines revive merger talks, WSJ reports

Frontier Airlines is considering a merger with Spirit Airlines amidst Spirit's financial challenges and recent failed merger attempts.