Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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Appearances
Spirit's stock went on a wild ride this week.
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As you might have heard recently, the budget carrier has been struggling with financial pressures and exploring bankruptcy.
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Let's start this week's play-by-play.
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On Monday, Spirit's shares jumped 53% after it got an extension on refinancing its debt the Friday before.
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Tuesday...
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The Journal reported that Frontier Airlines is exploring a renewed bid for Spirit and that a potential deal would likely happen as a part of Spirit restructuring its debt and other liabilities in bankruptcy.
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As a result, on Wednesday, Spirit shares shot up more than 40 percent.
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Then on Thursday, the stock pairs some of its gains, dropping 21 percent.
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But later that day, the company said it'll cut jobs and has agreed to sell some of its planes to help shore up liquidity.
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And that brings us to Friday.
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Spirit shares jumped 15 percent, ending the week with a gain of roughly 90 percent.
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Not nine, not 19, 90.
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And now you know what's news in markets this week.
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You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.
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Today's show was produced by Michael LaValle with supervising producer Tali Arbell.
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I'm Francesca Fontana.
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Hey, listeners, it's Saturday, October 19th.
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I'm Francesca Fontana for The Wall Street Journal.
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And this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them.
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Let's get to it.
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Showing 641–660 of 2,691 · page 33 of 135
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