Spirit Airlines is exploring options to refinance its debt. Source: Reuters

© Reuters. A Spirit Airlines plane departs San Diego International Airport in San Diego, California, USA on January 16, 2024, after a federal judge on Tuesday blocked JetBlue Airways’ planned $3.8 billion acquisition of the ultra-low-cost airline. I’m getting ready to do it. Reuters/Mi

CHICAGO (Reuters) – Spirit Airlines (NYSE:) is examining options to refinance its debt and is not considering a restructuring, a person familiar with the matter told Reuters.

The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways (NASDAQ:).

Credit rating agency Fitch said Wednesday that Spirit’s credit profile is under pressure as the company faces significant refinancing risks next year when $1.1 billion in loyalty program debt matures in September 2025.