According to a Bloomberg report, Spirit filed for bankruptcy last August — after previously seeking Chapter 11 protection in November 2024 — as part of an effort to restructure its finances and lower costs, with plans to emerge from Chapter 11 by spring or summer 2026.
Back in a March news release, Spirit’s president and chief executive officer announced plans to try to keep the airline functioning.
“We are pleased to achieve another milestone that reflects the confidence our lenders and noteholders have in our future, with our plan better positioning Spirit to continue delivering value to American consumers,” said Dave Davis, President and Chief Executive Officer. “While we still have work to do with other important…