Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring [CNBC]
Raytheon Technologies Corporation (RTX)
Company Research
Source: CNBC
Spirit plans to slash its Airbus fleet further to come out of bankruptcy. The airline has already furloughed pilots and flight attendants. A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines is gearing up to shrink to a tiny version of its former self in an attempt to survive, according to a new plan it's set to unveil in U.S. Bankruptcy Court on Tuesday. The budget-travel icon plans to announce it will get rid of even more of its Airbus fleet as it aims to exit its second bankruptcy in less than a year. It expects to emerge in late spring or early summer, according to the agreement. In its second bankruptcy , Spirit had held deal talks with Frontier Airlines , and with investment firm Castlelake Spirit's new fleet would be made up of mostly older Airbus planes, according the the plan. Spirit's annualized flee
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RTX
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- 1/27/26 - Beat
RTX
Sec Filings
- 3/5/26 - Form 8-K
- 2/23/26 - Form 4
- 2/23/26 - Form 4
- RTX's page on the SEC website