All Spirit Airlines articles
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NewsSpirit Airlines burned $47m in November but maintains $800m in cash reserves
Spirit Airlines presented a mixed financial situation in a monthly operating report for November, as the company appears stressed but not immediately imperilled.
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NewsCourt approves Spirit’s sale of two Chicago O’Hare gates to American
A court filing related to Spirit Airlines’ Chapter 11 bankruptcy proceedings shows that the ULCC has agreed to transfer the pair of gates – numbers G8 and G10 – to American Airlines.
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NewsSpirit receives $50m lifeline as shutdown speculation swirls
Florida-based ultra-low-cost carrier reaches agreement with creditors for emergency funding as it faces potential operational shutdown and liquidation amid ongoing restructuring efforts.
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NewsSpirit to cut fleet in half under bankruptcy reorganisation plan
Spirit Airlines has committed to retaining up to 28 A320neos and A321neos, along with up to 78 older A320-family jets, upon emerging from Chapter 11 bankruptcy proceedings.
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NewsSpirit seeks lease rejections on additional 11 ‘cash drain’ A320-family jets
Spirit Airlines is shedding more metal with a plan to reject leases on an additional 11 Airbus A320-family jets.
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NewsSpirit Airlines senior leadership commits to salary cuts matching pilots’ union reductions
Ultra-low-cost carrier Spirit Airlines’ senior leadership has agreed to take pay cuts matching reductions accepted by its pilots’ union, as the Florida-based airline reaches tentative labour agreements during Chapter 11 restructuring.
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NewsSpirit secures approval for AerCap fleet lease rejig and debtor-in-possession funding
US budget carrier Spirit Airlines has secured bankruptcy court approval for debtor-in-possession financing of up to $475 million, as well as approval for a broad fleet restructuring pact with lessor AerCap. Spirit states that the court approvals are an “important milestone” in its re-organisation effort under Chapter 11 bankruptcy protection. ...
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NewsSpirit Airlines seeks rejection of 87 additional aircraft leases as fleet reduction accelerates
Spirit is awaiting a hearing before the US Bankruptcy Court for the Southern District of New York, scheduled for 16 October, to determine whether the ULCC will be relieved of lease obligations for dozens more aircraft.
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NewsFrontier Airlines chief calls for antitrust immunity to help discounters compete with 'Big Four'
Frontier Airlines chief executive Barry Biffle implored US lawmakers on 30 September to embrace consolidation and greater cooperation within the low-cost airline sector, floating the idea of granting smaller market players antitrust immunity to better compete with the “Big Four” US airlines.
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NewsSpirit Airlines to reject 27 Airbus aircraft leases under new AerCap deal
Spirit Airlines has revised terms with primary lessor AerCap, as the ultra-low-cost carrier continues restructuring efforts during Chapter 11 proceedings.
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NewsSpirit Airlines to furlough 1,800 flight attendants amid drastic capacity cuts
US low-cost carrier Spirit Airlines plans to furlough some 1,800 flight attendants as it makes drastic capacity cuts in a bid to financially stabilise itself.
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NewsUnited CEO declares ultra-discount airline model dead
United Airlines CEO Scott Kirby has pronounced the era of ultra-discount airlines in the USA over, as carriers like Spirit and Frontier struggle financially and rush to revamp their business models.
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NewsUnited explicitly targets Spirit’s customers as ULCC withdraws from some US markets
The Chicago-based carrier seeks to fill network voids left by struggling Spirit Airlines, which is working through its second Chapter 11 process in less than a year.
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NewsSpirit Airlines to cut 11 cities from network amid bankruptcy restructuring
Struggling discount carrier Spirit Airlines will discontinue service to 11 mid-sized US markets, including several on the West Coast, following its Chapter 11 bankruptcy filing.
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NewsEngine issues and lease terminations among forces driving Spirit’s latest bankruptcy filing
The Florida-based ultra-low-cost carrier blames engine recalls and unexpected lease cancellations for its second Chapter 11 filing in less than a year.
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NewsSpirit Airlines warns of ‘substantial doubt’ over survival
Florida-based Spirit Airlines has issued a stark warning about its ability to remain operational beyond 12 months, as the recently-bankrupt carrier struggles with persistent weak travel demand and deteriorating financial conditions.
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NewsSpirit Airlines could cancel or postpone Airbus orders due to tariffs on EU products
US discounter Spirit Airlines could cancel some Airbus A320neo-family aircraft orders as a result of the ongoing trade war between the European Union and USA.
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NewsSpirit Airlines regains US stock listing following financial restructuring
US discounter Spirit Airlines has been approved by the NYSE American for listing several months after filing for bankruptcy protection and being removed from the New York Stock Exchange.
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NewsSpirit Airlines emerges from bankruptcy ‘stronger and more focused’: CEO Christie
Ultra-low-cost carrier Spirit Airlines has completed the Chapter 11 bankruptcy process, with chief executive Ted Christie pledging to focus on continued upgrades to the airline’s products.
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NewsSpirit Airlines compensated $150m for ongoing Pratt & Whitney engine issues
The Florida-based low-cost carrier expects further payments as geared turbofan engine removals will continue through “at least” 2026.