Spirit Aviation Holdings, Inc.

FLYY

Market cap $31.6M

The move comes after the budget airline emerged from bankruptcy in March.

Spirit Aviation Holdings, Inc. FLYY shares plummeted in Friday's after-hours session following a report that Spirit Airlines is getting ready to file for bankruptcy again.

Low-cost carrier experiences dwindling cash and mounting losses as recovery further hit by Trump tariffs

Spirit Airlines on Friday filed for bankruptcy for the second time in a year. Its last Chapter 11 bankruptcy proceedings ended in March after slashing debt by nearly $800 million.

Spirit Airlines filed for bankruptcy protection again, just months after the budget carrier came out of Chapter 11 protection earlier this year.

Commences voluntary restructuring process to implement financial and operational transformation to redesign network, optimize fleet and realign strategy with evolving marketplace Flights, ticket sales, reservations and operations continue DANIA BEACH, Fla., Aug. 29, 2025 /PRNewswire/ -- Spirit Aviation Holdings, Inc. (NYSE American: FLYY), parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), today announced that it is executing a comprehensive restructuring of the airline to position the business for long-term success.

DANIA BEACH, Fla., Aug. 29, 2025 /PRNewswire/ -- Spirit Aviation Holdings, Inc. (NYSE American: FLYY), parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), today issued the following open letter to all Spirit Guests: Today, Spirit took a proactive step to build a stronger foundation and future for our company.

U.S. no-frills pioneer Spirit Airlines filed for fresh chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.

The troubled budget carrier plans to enter chapter 11 for the second time after a previous reorganization failed to fix problems.

NEW YORK, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Spirit Aviation Holdings, Inc. (“Spirit” or the “Company”) (NYSE: FLYY).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.