ORLANDO, Fla. — Spirit Airlines shares fell 30% on Thursday following a report it could file for bankruptcy.
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The Wall Street Journal says the carrier is considering the move following its failed merger with JetBlue Airways.
It comes amid competition for price-sensitive travelers and a glut of domestic airline seats.
Read: Report: Spirit passenger arrested in Orlando after asking flight crew to join ‘mile-high club’
Spirit’s CEO says it is focused on getting the “best outcome ...as quickly as possible.”
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