Spirit said negotiations are progressing toward an agreement that would protect creditors and customers. However, the company said if such a deal is reached, it would be expected to wipe out existing shares.

The low-cost airline has been struggling to recover from the pandemic-caused swoon in travel. A federal judge blocked an attempt to sell the airline to JetBlue after the Justice Department sued on antitrust grounds.

Spirit disclosed after the market closed Tuesday that it had notified the Securities and Exchange Commission it would be late in filing its third-quarter financial report while it continued discussions with holders of debt that is due for repayment in 2025 and 2026.

If it can reach a deal, Spirit said, it would go through “a statutory restructuring” that would protect creditors, employees, customers and companies that do business with the airline but “is expected to lead to the cancellation of the company’s existing equity.”

The Florida-based airline said it was also “exploring strategic alternatives” — often a euphemism for a sale, merger or restructuring.

The Wall Street Journal, citing anonymous sources, reported late Tuesday that the airline was discussing terms of a possible bankruptcy filing with its bondholders after merger talks with Frontier Airlines broke down.

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The Airbus A320 departed Fort Lauderdale as flight NK951 at 14:05 UTC.

After one hour of flight, the plane (registration N966NK) was hit multiple times by bullets at around 500 ft altitude while on approach to runway 28 at Toussaint Louverture International Airport in Port-au-Prince.

The crew immediately performed a go around and diverted toS antiago de los Caballeros Cibao International Airport in the Dominican Republic 30 minutes later.

A flight attendant was injured by a bullet when the gunfire erupted.

Extremely Concerning! An Airbus A320-271N aircraft (N966NK) of the Spirit Airlines was hit by bullets this Monday as the aircraft was preparing to land at the Toussaint Louverture International Airport in Port-au-Prince, Haiti, resulting the aircraft diversion to El Cibao… pic.twitter.com/oCLPFU6K4f

— FL360aero (@fl360aero) November 11, 2024

The incident forced the airport authority to ground all commercial flights. JetBlue Airways, Air Caraibes and Amerijet Cargo flights turned away from Haiti.

In response to the shooting, all U.S.-based carriers including American Airlines out of Miami International Airport, canceled all flights for Tuesday for Port-au-Prince.

The post BREAKING A flight attendant was injured after a Spirit Airlines A320 was targeted by gunfire appeared first on AIRLIVE.