Spirit Prepares Bankruptcy Filing
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bankruptcy protectionReuters
•Spirit Airlines prepares to file for bankruptcy, WSJ reports
76% Informative
Shares of the company were down 39% at $ 1.8 after the bell.
The stock has fallen nearly 80% this year , while the S&P 500 passenger airlines index jumped 52% .
The Dania Beach , Florida -based airline has been losing money despite strong travel demand.
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