(Reuters) -Spirit Airlines is not considering a Chapter 11 bankruptcy and is “encouraged” by the plan it has in place after its deal with JetBlue Airways fell through, the carrier’s top boss said at the annual shareholder meet on Friday.
Shares of the ultra-low-cost carrier were down about 2% amid a decline in broader markets.
CEO Ted Christie’s remarks come as the Florida-based company continues to reel from the grounding of several of its aircraft, as well as bloated industry capacity in key…
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