Spirit Airlines prepares to file for bankruptcy, WSJ reports

(Reuters) -Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter.

The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a majority of creditors, the report said.



Spirit is preparing a bankruptcy filing within weeks, the report added.

Spirit did not immediately respond to a Reuters request for comment.

Source: Investing.com