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Spirit Airlines Lands In Ch. 11 Again To Rightsize Operations

By Vince Sullivan · August 29, 2025, 4:45 PM EDT

Less than six months after emerging from a previous Chapter 11 filing, budget air carrier Spirit Airlines landed back in bankruptcy Friday, this time focusing on streamlining its operations following a...

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Bankruptcy Scorecard

Summary

Budget airline Spirit filed for Chapter 11 six months after exiting bankruptcy through a debt-for-equity swap. The company said it will streamline operations, reduce its fleet, renegotiate contracts and make other overhauls in its second Chapter 11.

Case Number

1:25-bk-11897

Judge

Sean H. Lane

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Documents

Petition