Spirit Airlines Looking to Refinance $1.1 Billion in Debt

Spirit Airlines is considering refinancing $1.1 billion in debt due in 2025, the company said in a regulatory filing Friday. The Wall Street Journal reported Thursday that the budget airline was looking for a path forward on its near-term debt after a federal judge blocked JetBlue Airways ’ proposed $3.8 billion acquisition of the company. The upbeat outlook sent shares of Spirit higher early Friday, bouncing back from sharp declines over the past several days following the blocked JetBlue deal.