Just saw that Spirit Airlines finally filed for bankruptcy earlier this year. Honestly, didn't think it would get this far but the writing was on the wall for a while now. They got $350M in new equity from bondholders and converting about $795M in debt, plus another $300M for operations during the restructuring. So they're trying to stay afloat while reorganizing, which is standard Chapter 11 stuff. The stock already got destroyed, down like 90% before they halted trading. SAVE investor relations made it clear flights will keep running normally, but they're expecting to get delisted from NYSE soon. They're hoping to emerge from bankruptcy by early 2025, supposedly stronger. What's wild is how fast things fell apart. The JetBlue merger that was supposed to save them got blocked by a judge last year, said it would hurt competition. Then you had all these operational issues - labor costs going up, maintenance problems, and those Pratt & Whitney engine problems grounded a bunch of their planes. Just kept piling on. Analysts are pretty harsh on SAVE right now. Consensus is Strong Sell, though the price target suggests some upside potential if they actually pull off the restructuring. But yeah, this is a rough one for anyone holding the stock. Curious if they'll actually make it through or if this is just a slow-motion collapse.