The news of the potential bankruptcy comes months after Christie said the ... If the deal had gone through, it would have created the fifth-largest carrier in the United States and given Spirit a chance to survive at a time when it burns through cash ...

Spirit Airlines is in talks with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways, the Wall Street Journal reported on Thursday, sending its shares down 30% in extended trading.

(Reuters) - Spirit Airlines shares slumped 40% before the bell on Friday after the Wall Street Journal reported that the ultra-low-cost carrier was in talks with its bondholders about a potential bankruptcy filing.