Discount carrier Spirit Airlines, overwhelmed with continuing financial difficulty, returned to bankruptcy court to try a second reorganization under Chapter 11 protection, the company announced Friday.
“Today, Spirit took a proactive step to build a stronger foundation and future for our company,” the company said in a letter to customers made public Friday afternoon. “We have voluntarily entered the Chapter 11 restructuring process to ensure the long-term success of our airline.”
“The most important thing to know is that Spirit continues to operate and offer high-value travel options,” the letter added.
It also told travelers the following:
Flights will continue to operate normally.
Travelers can use tickets, credits and loyalty points.
Customers may continue to benefit from the airline’s Free Spirit loyalty program, Saver$ Club perks and credit card terms.
Its employees “remain focused on offering you a safe journey, with excellent service and an elevated experience.”
More information about the carrier’s second attempt at a financial overhaul can be found by visiting spiritrestructuring.com.
Spirit Airlines warns of ‘substantial doubt’ about its survival
The carrier filed its second petition in less than a year in U.S. Bankruptcy Court in the Southern District of New York.
Just last week, the Dania Beach-based carrier borrowed the entire amount of a $275 million credit line and won an extension of an agreement with its credit card processor.
No immediate reason was given for returning to bankruptcy court. But the carrier posted a net loss of more than $200 million in the second quarter.
The carrier filed for Chapter 11 last November, emerging from court in March with less debt, a new issue of common stock and more than $300 million in equity from major creditors.
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https://www.orlandosentinel.com/2025/08/29/spirit-airlines-again-files-for-chapter-11-bankruptcy/

