Spirit Airlines has submitted a reconstruction support plan and a reorganization plan to the United States Bankruptcy Court for the Southern District of New York.
By the third quarter, the airline will streamline its fleet from 76 to 80 aircraft, composed of Airbus A320 and Airbus A321 models. This is intended to reduce debt and costs, while adding new aircraft between 2027 and 2030.
The airline will also focus on high-demand markets and routes such as Fort Lauderdale, Orlando, Detroit, and New York, optimizing aircraft utilization. It will add Big Front Seats and continue to expand its premium economy offering.
As a result, total debt and lease obligations are expected to be significantly reduced from about 7.4 billion US dollars before the bankruptcy filing to about 2 billion US dollars, further enhancing its cost advantage. The airline expects to exit Chapter 11 bankruptcy protection by early summer.
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