Skift Take

Just months ago, Spirit CEO Ted Christie said the budget carrier was not considering a chapter 11 bankruptcy.

Spirit Airlines has been in talks with bondholders over the terms of a potential bankruptcy filing, according to a Wall Street Journal report. 

According to the report, Spirit had been exploring ways to restructure its balance sheet with an out-of-court transaction, but recent talks shifted to reaching an agreement with bondholders and creditors related to a chapter 11 filing. 

The filing wouldn’t be imminent, the Journal report said.

In June, Spirit CEO told shareholders during an annual meeting that the carrier was