The Wall Street Journal, citing anonymous sources, reported late Tuesday that the airline was discussing terms of a possible bankruptcy filing.

Stockholders in financially troubled Spirit Airlines, the South Florida-based discount carrier, would see their shares cancelled under a potential debt restructuring agreement that has been under

Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that it’s currently negotiating with its creditors.

Spirit Airlines stock tumbled in premarket trading Wednesday following a report that said the ultra-low-cost carrier was preparing to file for bankruptcy protection.The filing could come within weeks,

The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after three commercial jetliners were struck by gunfire on Monday. The FBI said separately it was investigating the incidents and working with law enforcement partners.

A Spirit Airlines flight from Fort Lauderdale in Florida to Haiti’s Port-Au-Prince was diverted to the Dominican Republic Monday after the plane gangs fired at the plane. The shots damaged the plane,