Spirit Airlines Inc.’s shares soared the most in 13 years of trading after the carrier secured more time to address a troublesome debt load that has raised the prospect of bankruptcy.

Spirit Airlines (NYSE: SAVE) has secured more time to work out its debt burden, easing near-term bankruptcy fears. The stock took off on the news, trading up as much as 73% on Monday morning and up 58% as of 1 p.m. ET.

Spirit Airlines’ stock swelled by 60% on Monday, on track for the low-cost airline’s best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoiding the threat of bankruptcy.

Key Takeaways Spirit Airlines shares surged higher Monday morning as the carrier said it extended a deadline for debt refinancing with Visa and Mastercard.The discount airline also said it has used all of a $300 million revolving credit line,

Spirit Airlines gave itself some financial breathing room by borrowing $300 million and reaching a new deadline for refinancing a large portion of its debt. The Dania-Beach-based airline posted

Spirit Airlines has been given a two-month extension to refinance about $1 billion of its debt, which was due on Monday. The largest Florida-based airline has been renegotiating $1 billion of its bonds as its stock price plummets.

Spirit Airlines (SAVE) stock was soaring Monday morning after the budget airline revealed it had struck a last-minute deal to refinance some debt.

Spirit Airlines surged by 45% after the budget airline clinched a deal to extend a crucial debt-refinancing deadline. With the new date set for December 23, Spirit is racing again

Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec.

Spirit Airlines shares soared by as much as 65% on Monday after the budget airline struck a deal to extend its debt refinancing plan by two months. The agreement with US Bank National Association to push the deadline — which was set to expire Monday — until Dec.

Spirit Airlines announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.