Spirit Reaches Deal To Release $76M Credit Card Reserve
Published . Updated .
Liquidating airline owner Spirit Aviation Holdings proposed a settlement with a credit card processing partner in New York bankruptcy court late Friday that will see the processor release most of a $76 million security reserve to the debtor.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-3.5% 30d
Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-4.8% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story.
- JETS U.S. Global Jets ETF-2.7% 30d
U.S. Global Jets ETF: it holds airlines. Linked by “airline” (airlines) in this story.
- JPM JPMorgan Chase-4.3% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- BAC Bank of America-11.1% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- DAL Delta Air Lines-2.9% 30d
Delta Air Lines (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “airline” (airlines) in this story.
- WFC Wells Fargo-3.6% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- UAL United Airlines Holdings+1.0% 16d
United Airlines Holdings (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “airline” (airlines) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -2.88% | -1.05% | base | after close | after close | after close | after close |
| KRE | -1.58% | -1.17% | base | after close | after close | after close | after close |
| JETSNo price data for this ticker | — | — | — | — | — | — | — |
| JPM | -1.44% | +0.85% | base | after close | after close | after close | after close |
| BAC | +2.23% | +3.18% | base | after close | after close | after close | after close |
| DALNo price data for this ticker | — | — | — | — | — | — | — |
| WFC | -3.77% | -1.28% | base | after close | after close | after close | after close |
| UALNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Spirit Reaches Deal To Release $76M Credit Card Reserve Law360
Source: Law360
How far Select Sector Spdr Tr (XLF) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | three days earlier | +3.18% | final price |
| Bank Of America (BAC) | five days earlier | +2.23% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +0.85% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.44% | final price |
| Spdr Series Trust (KRE) | three days earlier | -1.17% | final price |
| Spdr Series Trust (KRE) | five days earlier | -1.58% | final price |
| Wells Fargo (WFC) | three days earlier | -1.28% | final price |
| Wells Fargo (WFC) | five days earlier | -3.77% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | -1.05% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -2.88% | final price |
Congressional trades in the stocks in this story
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 67 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 70 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold United Airlines Holdings (UAL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLF)
Companies tied to this story
- XLF Select Sector Spdr Tr
Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Spirit Reaches Deal To Release $76M Credit Card Reserve.” Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story
- KRE Spdr Series Trust
In “Spirit Reaches Deal To Release $76M Credit Card Reserve,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story
- JPM Jpmorgan Chase
In “Spirit Reaches Deal To Release $76M Credit Card Reserve,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- BAC Bank Of America
In “Spirit Reaches Deal To Release $76M Credit Card Reserve,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- WFC Wells Fargo
In “Spirit Reaches Deal To Release $76M Credit Card Reserve,” Wells Fargo (WFC) is linked, with no stored direction, medium confidence. Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- C Citigroup
In “Spirit Reaches Deal To Release $76M Credit Card Reserve,” Citigroup (C) is linked, with no stored direction, medium confidence. Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
How “Spirit Reaches Deal To Release $76M Credit Card Reserve” reaches Select Sector Spdr Tr (XLF)
The 2 Nov 2026 story “Spirit Reaches Deal To Release $76M Credit Card Reserve” names Select Sector Spdr Tr (XLF) because of this story.
The link for Select Sector Spdr Tr (XLF) is this: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story
A second company, Spdr Series Trust (KRE), is listed for a different reason: SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story
Dates and price levels for Select Sector Spdr Tr (XLF)
JPM traded between 325.12 and 345.73 across 20 sessions. The latest close on file is 337.10. KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
A simple score for Select Sector Spdr Tr (XLF)
46 out of 100
“Spirit Reaches Deal To Release $76M Credit Card Reserve” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.