Spirit Airlines outlines 2025 fleet reduction, plans to sell 23 aircraft

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Spirit Airlines outlines 2025 fleet reduction, plans to sell 23 aircraft

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Spirit Airlines | Official Website

By Sky Industry News

Apr 6, 2025

Spirit Airlines has announced a reduction in its fleet plan for 2025, following its emergence from Chapter 11 bankruptcy. The low-cost carrier plans to operate 196 Airbus A320ceo and A321ceo family aircraft by the end of 2025, a decrease from its previous plan of 219 aircraft. This update was revealed in a recent United States Securities and Exchange Commission (SEC) filing.

The airline, which moved out of financial restructuring on March 12, 2025, stated that 21 A320ceo and A321ceo aircraft are for sale as of December 31, 2024. These aircraft are excluded from the new fleet plan. Comparatively, the August 2024 fleet plan noted an intent to have 64 A320ceos and 30 A321ceos at the end of 2025.

Spirit Airlines has also reached a deal with GA Telesis, a US-based aerospace asset manager, to improve liquidity by approximately $225 million through the sale of 23 A320ceo and A321ceo aircraft. The agreement, announced on October 25, 2024, aims to generate funds by the end of 2025. While several aircraft have been shipped to Phoenix Goodyear Airport, aviation records show not all have been deregistered from the fleet.

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In its annual report filed on March 3, Spirit Airlines stated two aircraft had been sold, with the others ready for immediate sale. The remaining 21 aircraft are "under contract for sale," fulfilling the criteria for being classified as held for sale. The airline reported a $273.9 million loss on asset disposal, mainly due to impairment charges from early retiring and selling 23 aircraft, offset partially by gains from sale-and-leaseback transactions tied to new aircraft deliveries.

Despite these adjustments and no planned aircraft deliveries for 2026, John Bendoraitis, Spirit's Executive Vice President and Chief Operating Officer, emphasized the fleet's competitive age. "Our fleet also offers operational efficiencies and sustainability benefits that make a real difference to our business," he said, noting the recognition by ch-aviation of its fleet's youth compared to competitors.

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