Low-cost carrier Spirit Airlines has dodged literal bullets to post a 30% share price gain on Monday.
News has emerged that the airline, which reportedly entered Chapter 11 bankruptcy protection discussions in October, was struck by gunfire as it attempted to land in Haiti’s conflict-ridden capital Port-au-Prince.
The flight, which embarked from Florida, was diverted to the Dominican Republic, according to the Miami Herald.
One source told the Herald a flight attendant was grazed by a bullet.
It is unclear why Spirit Airlines’ share price is up so sharply. Other airlines have posted only modest gains today, with United Airlines up 1.5%, Delta up 3.5% and JetBlue, which Spirit unsuccessfully attempted to buy out in March, up 1.5%.
Spirit Airlines’ shares remain substantially down in 2024. Amid bankruptcy talks and a failed takeover, the stock is down a walloping 78%.