Citadel’s Yearslong Spirit Bet Faces New Risk on US Rescue Plan

Ken Griffin’s Citadel has been intertwined in Spirit Aviation Holdings Inc.’s bankruptcies over the past two years. It even parted ways earlier this year with a portfolio manager after a...

By Irene Garcia Perez, Soma Biswas, Jonathan Randles · Bloomberg Markets

Ken Griffin’s Citadel has been intertwined in Spirit Aviation Holdings Inc.’s bankruptcies over the past two years. It even parted ways earlier this year with a portfolio manager after a series of losses that included a soured bet on the distressed budget carrier.