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Spirit Airlines is looking at options to refinance its debt -source
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CHICAGO (Reuters) — Spirit Airlines (NYSE:SAVE) is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters.
The company's shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways (NASDAQ:JBLU).
Ratings agency Fitch on Wednesday said Spirit's credit profile was under pressure as it faced significant refinancing risk in the next year with its $1.1 billion loyalty program debt coming due in September 2025.
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