Spirit Airlines gets a lifeline from bankruptcy court
A US bankruptcy court has approved a temporary lifeline for cash strapped Spirit Airlines.
It has granted the airline access to $275 million in emergency funds as it prepares to restructure its finances again.
US Bankruptcy Judge Sean Lane approved it, adding that it is ‘obviously necessary’ to ensure the airline can continue operating.
Spirit filed for Chapter 11 bankruptcy protection again on August 29.
This came just weeks after the airline warned it may struggle to continue long term without extra funding.
The airline recently announced it is cutting another dozen routes and could sell off more aircraft.
Spirit is having ‘productive discussions’ with bondholders and lenders.
“We are pleased to have reached this first milestone in our restructuring process, which will support normal operations as we take decisive actions,” Spirit CEO Dave Davis said. “
“With these approvals in place, we can continue to implement our transformation to build a stronger foundation.”
Spirit first exited bankruptcy in March but its restructuring then wasn’t radical enough.
Related News Stories: Spirit Airlines to exit bankruptcy Spirit Airlines warns its future is uncertain without more cash Spirit Airlines rolling out extra legroom seats Spirit Airlines pilot suspended after arrest for stalking Spirit Airlines completes restructuring, exits bankruptcy protection Spirit Airlines could enter bankruptcy restructuring a second time Spirit Airlines opposes JetBlue - United 'Blue Sky' airline partnership Spirit Airlines rejects new Frontier Airlines bid Spirit Airlines drops a dozen routes Spirit responds over Hurricane Erin flightpath safety concerns
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt