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Fortune
Fortune
Chris Morris

Spirit Airlines might go bankrupt months after calling off a sale to JetBlue—and its stock is in a tailspin

JetBlue Spirit Spirit Airlines
(Credit: Kevin Carter—Getty Images)

Discount carrier Spirit Airlines is reportedly considering a Chapter 11 bankruptcy filing following its failed merger with JetBlue.

The Wall Street Journal reports the airline has been in discussions with bondholders over the possible filing, as well as exploring an out-of-court restructuring. Should a bankruptcy filing be decided upon, the WSJ says, it would not be imminent.

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