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fromBusiness Insider
1 week ago

Spirit Airlines plans to shrink its fleet to fewer than 80 jets. It once had over 200.

Spirit Airlines filed for Chapter 11 bankruptcy in August, its second filing in less than a year, and plans to reduce its fleet from over 200 aircraft to fewer than 80 by Q3 2026.
fromBusiness Insider
6 months ago

Frontier stands to be the big winner from Spirit's 2nd bankruptcy

Spirit Airlines' latest bankruptcy filing has Wall Street tapping its rival to flourish. Frontier Airlines' share price jumped 14.5% on Tuesday, as Deutsche Bank analysts upgraded the stock to a "Buy" rating. They also doubled their 12-month price target from $4 to $8. The stock last closed trading at $5.61. Deutsche Bank's Michael Linenberg wrote that Frontier is "best-positioned to be the biggest beneficiary of Spirit's bankruptcy" because it competes the most with the struggling budget airline.
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