Spirit Airlines reaches agreement with lenders to exit bankruptcy by summer

Spirit Airlines announced an agreement with lenders on Tuesday that paves the way for its exit from bankruptcy. The carrier expects to emerge by early summer.

Spirit Airlines has reached an agreement with its lenders to help it emerge from bankruptcy, marking a significant milestone in its restructuring efforts. This completed event establishes a lender-backed pathway for the carrier and provides a clear framework for its financial recovery.
Spirit Airlines airplanes taxi on the tarmac at New York's LaGuardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. REUTERS/Ryan Murphy/File Photo
Spirit Airlines airplanes taxi on the tarmac at New York's LaGuardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. REUTERS/Ryan Murphy/File Photo
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