Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has reportedly agreed to buy internal business data from bankrupt Spirit Airlines for $10 million to use for product development and artificial intelligence model training.
The Terms of the Sale
“We acquired part of an enterprise dataset from Spirit Airlines, which can be helpful in improving our products and AI models,” a Google spokesperson said.
The company will not receive any personal information from the dataset, as a third party will scrub it before handing it over.
The acquired data includes Spirit’s employee emails, Microsoft Teams messages, spreadsheets and calendars, as well as marketing, productivity and operations data, according to a Reuters News report.
A U.S. bankruptcy judge is set to consider approving the sale at a hearing Wednesday.
Spirit also received a competing $7.5 million bid from AI data company Mercor.
Spirit Airlines’ Collapse
Spirit shut down operations in May after high jet fuel costs, driven partly by the Iran war, derailed a planned bankruptcy restructuring, and a proposed federal rescue plan fell through.
The airline has since sold off other assets, including its takeoff and landing slots at New York’s LaGuardia Airport, which JetBlue Airways Corp. (NASDAQ:JBLU) won at auction last month for $58.5 million, beating out Frontier Group Holdings Inc.‘s (NASDAQ:ULCC) Frontier Airlines‘ $57.5 million bid.
A Second Bankruptcy That Ended In Liquidation
Spirit filed for Chapter 11 bankruptcy in August 2025, a year after an earlier bankruptcy filing failed to turn around the airline’s finances.
The carrier tried to restructure by downsizing and focusing on stronger routes, but setbacks piled up, including a Pratt & Whitney engine recall that sidelined dozens of Airbus SE (OTC:EADSY) jets and a blocked JetBlue acquisition on antitrust grounds.
Price Action: Alphabet’s Class A stock closed 0.55% lower on Monday at $344 and fell 0.03% in extended trading, while its Class C stock closed 0.61% lower at $341.45 and fell 0.02% in after-hours.
Benzinga edge rankings indicate Alphabet’s Class A stock has a Momentum score in the 78th percentile and a Growth score in the 86th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: ZikG on Shutterstock.com
