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Shares of Spirit Airlines (SAVE. N) plunged 40 per cent in pre-market trading as the budget carrier was reported to be discussing the terms of a potential bankruptcy filing with bondholders after its failed merger with JetBlue.

Shares of Spirit Airlines (SAVE. N) plunged 40 per cent in pre-market trading as the budget carrier was reported to be discussing the terms of a potential bankruptcy filing with bondholders after its failed merger with JetBlue.