KEY TAKEAWAYS Spirit Airlines shares are surging 12% in premarket trading Friday after the discount carrier said it plans to cut jobs and sell some planes as it tries to shore up its finances.The company said that as part of its plans "to return to profitability,

The airline said capacity fell 1.2% during the recent quarter and estimates fourth-quarter capacity will be down 20% compared with last year’s quarter.

Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Corp.

Spirit Airlines shares are surging in premarket trading Wednesday on a report that Frontier Group Holdings is in the early stages of a renewed bid for its rival discount carrier.

Spirit Airlines Inc. agreed to sell 23 Airbus SE aircraft for $519 million, giving the budget carrier a much-needed cash boost as it nears a possible bankruptcy filing.

Spirit Airlines stock was soaring ahead of Friday’s opening bell after the budget airline unveiled a cost-cutting plan as it battles for survival. Shares jumped 14% to $2.76 in premarket trading, compared with a 0.

Spirit Airlines (SAVE) disclosed plans to sell 23 planes, scale back flight capacity and cut jobs to boost liquidity. Read more.