Spirit Airlines’ exit from bankruptcy appears to be in jeopardy amid multiple reports that its liquidation could be near as the result of spiraling war-driven fuel prices.
A Wednesday hearing in U.S. Bankruptcy Court in New York designed to win approval of the airline’s reorganization plan was adjourned until April 23, according to court records. Creditor objections filed before the hearing raise a number of questions about the adequacy of information about the plan, including the budget carrier’s ability to project the impact of higher fuel bills on its finances.
Late evening reports, first from Bloomberg, then CNBC and the Wall Street Journal, said management was negotiating with major creditors, and that liquidation of the…