A blocked merger with JetBlue, an engine recall and changing consumer habits contributed to Spirit's troubles.

Shares of Spirit Airlines plunged 37% to a record low on Friday after a report that the ultra low-cost carrier was discussing a potential bankruptcy filing.

Shares in Spirit Airlines (SAVE) sank, after the Wall Street Journal reported that the budget carrier has been discussing a poss

Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a snag after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.

Spirit Airlines is considering filing for bankruptcy after mounting financial losses, according to the Wall Street Journal.

Spirit Airlines faces potential bankruptcy due to debt restructuring challenges, but bankruptcy isn't the base case scenario. Read more about SAVE stock here.