Just six months after clawing its way out of bankruptcy, Spirit Airlines filed for Chapter 11 once again on Friday, seeking to reinvent its operations after a prior restructuring erased nearly $800 million in debt.
The Florida-based budget carrier said the new filing, lodged in New York federal court, is aimed at tackling persistent operational challenges—including network efficiency, fleet optimization, and cost management—that its earlier restructuring left unresolved.
CEO: “Court-Supervised Process Is the Best Path”
Spirit’s President and CEO, Dave Davis, said the company’s board made the decision after weeks of assessing market conditions and the airline’s own vulnerabilities.
“After thoroughly evaluating our options and considering recent events and the market pressures facing our industry, our board of directors decided that a court-supervised process is the best path forward,” Davis said. He added the new approach will allow Spirit to be more strategic about fleet, markets, and opportunities, ensuring it can still serve customers and employees while retooling its foundation.
