© Reuters. A Spirit Airlines aircraft prepares to depart San Diego International Airport in San Diego, California, U.S., January 16, 2024 after a federal judge on Tuesday blocked JetBlue Airways planned $3.8 billion acquisition of ultra-low-cost carrier. REUTERS/Mi
CHICAGO (Reuters) – Spirit Airlines (NYSE:) is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters.
The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways (NASDAQ:).
Ratings agency Fitch on Wednesday said Spirit’s credit profile was under pressure as it faced significant refinancing risk in the next year with its $1.1 billion loyalty program debt coming due in September 2025.