Spirit Airlines (SAVE) has filed for Chapter 11 bankruptcy. The ultra-low-cost airline will continue to operate as it restructures; Spirit stock has fallen by over 90% in 2024.

The Morning Brief's Madison Mills and Brad Smith talk more about Spirit's bankruptcy proceedings in the wake of its failed merger talks with JetBlue Airways (JBLU) and Frontier (ULCC).

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.