Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match

Spirit Airlines has extended its debt deadlines amid bankruptcy concerns, pushing the maturity date for its 2025 notes to March 3, 2024. The airline has struggled financially, reporting significant losses and grounding parts of its fleet due to engine issues. Meanwhile, JetBlue's founder suggested that Frontier Group would have been a better merger partner for Spirit after their failed merger attempt. Spirit has not turned a profit since the pandemic and has fully utilized its revolving credit facility, raising questions about its future as an independent airline.