1. Spirit Airlines has voluntarily entered Chapter 11 restructuring. 2. The airline assures operations and services will continue as normal. 3. Chapter 11 allows reorganization while maintaining ongoing business activities. 4. Spirit emphasizes commitment to providing safe travel and customer value. 5. No disruptions to booking, loyalty points, or flight operations reported.
The move to Chapter 11 often signals financial distress, potentially affecting investor confidence. Historical cases, such as Delta and American Airlines in 2005-2012, illustrate mixed outcomes post-restructuring.
The announcement of Chapter 11 is significantly impactful, affecting operations and market perception. It's crucial for investors monitoring FLYY as Spirit's operational viability ties directly to its stock performance.
The restructuring is likely to have immediate impact, but long-term recovery may vary depending on execution. Similar past airline restructurings showed quick initial market reactions.
DANIA BEACH, Fla., Aug. 29, 2025 /PRNewswire/ -- Spirit Aviation Holdings, Inc. (NYSE:FLYY), parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), today issued the following open letter to all Spirit Guests:
Today, Spirit took a proactive step to build a stronger foundation and future for our company. We have voluntarily entered the Chapter 11 restructuring process to ensure the long-term success of our airline. Chapter 11 is a court-supervised legal process that allows companies to restructure their businesses while continuing operations. Virtually every major U.S. airline has used these tools to improve their businesses and position them for long-term success.
The most important thing to know is that Spirit continues to operate and offer high-value travel options. This means you can continue to book and travel with Spirit, and we want to assure you that:
For more information about our financial restructuring, please visit www.spiritrestructuring.com.
Thank you for choosing Spirit for your travel needs. As always, we remain committed to delivering a safe, reliable operation and look forward to welcoming you on board again soon.
Additional Information
The Company has created a dedicated website about its restructuring process at www.spiritrestructuring.com. Additional information about the Company's Chapter 11 case, including access to Court filings and other documents related to the restructuring process, is available at https://dm.epiq11.com/SpiritAirlines or by calling Spirit's restructuring information line at (855) 952-6606 (U.S. toll free) or +1 (971) 715-2831 (international).
About Spirit Airlines
Spirit Airlines (NYSE:FLYY) is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet®, one of the youngest and most fuel-efficient fleets in the U.S. Discover elevated travel options with exceptional value at spirit.com.
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SOURCE Spirit Airlines