Talks reportedly resume for possible Spirit, Frontier merger

The video discusses Spirit Airlines' financial difficulties, including potential bankruptcy and merger talks with JetBlue. It highlights Spirit's recent agreement with its credit card processor to delay refinancing deadlines and its use of remaining credit line funds.

What is the primary reason Spirit Airlines is considering filing for bankruptcy?

• To expand its fleet

• To restructure its debt

• To merge with another airline

• To increase ticket prices

What was the outcome of the merger proposal between Spirit and JetBlue?

• It was successful

• It is still under negotiation

• It fell through

• It was postponed

What financial agreement did Spirit reach with its credit card processor?

• To increase credit limits

• To delay a refinancing deadline

• To lower interest rates

• To merge with another processor

By when does Spirit need to refinance some of its debt according to the new agreement?

• End of February

• Late December

• Early November

• Mid January

How much did Spirit draw down from its credit line recently?

• $100 million

• $200 million

• $300 million

• $400 million