Spirit Airlines is focused on restructuring its debt obligations with bondholders but hasn't confirmed reports about Chapter 11 bankruptcy discussions, emphasizing ongoing productive conversations.
CEO Ted Christie has previously expressed optimism, stressing that Spirit is working closely with bondholders to address debt maturities while enhancing customer experiences and operational performance.
Reports indicate that Spirit has significant long-term debt exceeding $3 billion and an urgent need to refinance $1.1 billion in bonds by Oct. 21.
While Spirit's current situation involving potential bankruptcy talks has raised concern, the company insists on handling it with priority and isn't providing details due to ongoing negotiations.
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