Spirit Airlines (FLYYQ.PK), said Monday it has secured an additional $100 million in emergency financing to support its operations and restructuring efforts while under bankruptcy protection.
The move comes amid mounting speculation about the ultra-low-cost carrier’s future. Aviation outlet The Air Current reported, Friday that some rival airline executives believed Spirit could halt operations abruptly around a Dec. 13 deadline if it failed to meet conditions tied to the new funding.
Spirit has repeatedly dismissed those rumors, insisting flights are operating normally and it remains “business as usual.”
The financing was arranged through an amendment to Spirit’s debtor-in-possession (DIP) credit agreement, which allows companies to continue operating during Chapter 11 proceedings.
Under the revised terms, Spirit will receive $50 million immediately to cover day-to-day expenses, with another $50 million available once it advances plans to either reorganize as a standalone carrier or pursue a sale.
Spirit said the additional liquidity reflects progress in its turnaround efforts, noting that flight schedules, ticket sales, and operations remain unaffected.
“We continue to provide high-value travel options that benefit American consumers whether they fly with us or not, and look forward to welcoming our guests throughout the holiday season and beyond,” CEO Dave Davis said in a statement.
Source : https://www.reuters.com/business/spirit-airlines-secures-100-million-bankruptcy-funding-2025-12-15/
