Spirit Airlines Files for Chapter 11—Second Filing in Less Than a Year

As part of its restructuring, Spirit will focus on key markets with more destinations and frequencies, while reducing travel in other areas.
Spirit Airlines Files for Chapter 11—Second Filing in Less Than a Year
A Spirit Airlines plane takes off at Los Angeles International Airport on June 1, 2023. Mario Tama/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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For the second time in less than a year, Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines LLC, announced on Aug. 29 a comprehensive restructuring of the Florida-based air carrier. The company has filed voluntary petitions for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

In a company statement, Spirit noted that the filing will provide the airlines with the time needed to continue its ongoing discussions with financial creditors and others to transform the company into a more financially and operationally sound organization.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.