Spirit Appeals Judge's Decision to Block JetBlue Merger, Explores Options to Refinance Debt
- Spirit Airlines will file an appeal with JetBlue after a judge blocked their $3.8B merger
- Spirit denies rumors of restructuring but is exploring options to refinance debt
- Spirit expects total revenue to come in at the high end of previous guidance
- Analysts have a Moderate Sell rating on Spirit stock
- The average price target of $8.33 implies a 24.7% upside for Spirit stock