Spirit Airlines stock plunges 59% amid report of bankruptcy deal

14 Nov 2024, 01:02 by Sheri Walsh · UPI

Nov. 13 (UPI) -- Spirit Airlines' stock plunged 59% on Wednesday as the budget airline worked with creditors to restructure debt amid reports the company could file for bankruptcy protection within the next few weeks.

Spirit Airlines closed at $1.31 a share, down from $1.91. Spirit stock, with the ticker symbol SAVE, has dropped more than 90% this year.