The Wall Street Journal, citing anonymous sources, reported late Tuesday that the airline was discussing terms of a possible bankruptcy filing.

Stockholders in financially troubled Spirit Airlines, the South Florida-based discount carrier, would see their shares cancelled under a potential debt restructuring agreement that has been under

Spirit Airlines, a popular choice for low-cost airfare ... The decision reportedly comes as the Florida-based airline is facing growing losses and imminent debt payments. Spirit is looking at ways to restructure the debt it owes in the coming years ...

The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.

The budget carrier is in advanced discussions with bondholders over a filing that could occur within weeks.

A Spirit Airlines flight from Florida was damaged by gunfire en route to Haiti and diverted to the neighboring country of the Dominican Republic, the airline said.

The flight appeared to be part of what the U.S. Embassy called “gang-led efforts to block travel to and from Port-au-Prince which may include armed violence, and disruptions to roads, ports, and airports.