Troubled Spirit Airlines' shares rebound despite more losses ahead

Shares of a troubled airline increased over 20% on Friday as the company assured investors that a court ruling would not lead to its closure. Spirit Airlines remains interested in a potential purchase by JetBlue despite the recent antitrust ruling that blocked the deal. The airline expects to outperform analysts’ predictions for the year-end, but it will still experience a loss in the fourth quarter. Spirit also seeks to refinance a significant amount of debt due in 2025. Analysts predict a challenging path for the airline, with no clear timetable for profitability.