Spirit Airlines has emerged from Chapter 11 restructuring , equitising around $795m in debt.
The airline secured $350m in new equity from existing investors as part of its restructuring process.
The reorganisation plan was approved by the US Bankruptcy Court on February 20, 2025, enabling a swift restructuring.
Ted Christie, president and CEO, noted the focus on improving guest experience and returning to profitability during the transformation.
Spirit Airlines was delisted from the New York Stock Exchange in mid-December 2024 after cancelling all outstanding stock.
