10:27 AM EDT, 08/25/2025 (MT Newswires) -- (Updates with PJT Partners ( PJT ) and FTI Consulting responses in the third paragraph and the latest stock movement in the fourth paragraph.)

Spirit Aviation's ( FLYY ) Spirit Airlines unit is mulling strategic options after its recent financial restructuring fell short of putting the airline on a sustainable track, The Wall Street Journal reported late Friday, citing unnamed people familiar with the matter.

The budget carrier has hired PJT Partners ( PJT ) to explore options and is also working with FTI Consulting and Seabury Airline Strategy Group, according to the report.

PJT and FTI declined MT Newswires' requests for comment, while Spirit Airlines and Seabury did not respond.

Spirit Aviation's ( FLYY ) stock was down 11% in recent Monday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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