Spirit Airlines to be relisted on NYSE following financial restructuring
April 28, 2025
Spirit Airlines is to be relisted on the New York Stock Exchange from 29 April some five months after the US low-cost carrier first filed for Chapter 11 bankruptcy protection in November 2024. At that time, the NYSE delisted Spirit’s shares, which had been trading under the ‘SAVE’ moniker.
“Listing our common stock on the NYSE American is an important next step in Spirit’s continued transformation as we remain focused on returning to profitability and positioning our airline for long-term success,” said president and CEO Dave Davis, who took the helm earlier this month following predecessor Ted Christie’s resignation.
The new listing marks a new era for the hitherto ailing airline, which became the first US carrier to file for Chapter 11 restructuring following American Airlines’ Chapter 11 filing in 2011. Having failed to record a full-year profit since the Covid-19 pandemic, Spirit had been facing mounted losses (notably, around $360 million in the first half of 2024), compounded by two unsuccessful merger attempts with Frontier Airlines and JetBlue Airways.
With a court having formally approved Spirit Airlines’ reorganisation plan in February, Spirit emerged from its financial restricting in mid-March along with six new members of its reconstituted board of directors. At the time, Spirit noted that “newly issued shares now held by Spirit’s new owners [parent company Spirit Aviation Holdings] are expected to trade in the over-the-counter marketplace… as soon as reasonably practicable”.
