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An update from Spirit Airlines ( (SAVEQ) ) is now available.
On February 20, 2025, Spirit Airlines announced that the United States Bankruptcy Court confirmed its Plan of Reorganization following its Chapter 11 filing in November 2024. The plan involves equitizing $795 million of funded debt, receiving $350 million in new equity investment, and issuing $840 million in new senior secured debt. This restructuring positions Spirit to emerge from Chapter 11 as a stronger airline with improved financial flexibility, supported by broad stakeholder approval and continued operations without interruption.
More about Spirit Airlines
Spirit Airlines is a leading low-fare carrier offering enhanced travel experiences with flexible, affordable options. The airline serves destinations across the United States, Latin America, and the Caribbean and operates one of the youngest and most fuel-efficient fleets in the U.S. Spirit is committed to positive community change through its Spirit Charitable Foundation.
YTD Price Performance: 54.76%
Average Trading Volume: 4,129,530
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $71.19M
Learn more about SAVEQ stock on TipRanks’ Stock Analysis page.
