Spirit Airlines has successfully left bankruptcy, maintaining its independence and without a merger with Frontier Airlines. The airline’s new strategy prioritizes enhancing guest experiences as it steps forward into the future.

The company announced its departure from Chapter 11 on March 12, 2025, with a financial restructuring deal that involved about $795 million in funded debt.

Restructuring Details

With this restructuring, Spirit aims for increased financial stability and operational flexibility. Investors put in $350 million in equity to support future developments. The company plans to reinstate stock trading on a major exchange eventually.

The board of directors will welcome six new members with substantial industry expertise, while Ted Christie and his executive team will retain their leadership roles.

“Throughout this process, we’ve continuously progressed in enhancing our product offerings, while also focusing on returning to profitability and positioning our airline for long-term success,” Christie commented.

Despite recent merger interest, the airline opted to forge ahead independently. Spirit had previously agreed to merge with JetBlue, but that agreement fell through due to legal challenges, coupled with previous discussions with Frontier Airlines.

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