Spirit Airlines has announced it will continue its scheduled commercial passenger flights without interruption after receiving court approval to support ongoing operations, despite filing for Chapter 11 bankruptcy protection for the second time in a year.
The carrier’s recent bankruptcy filing created uncertainty about its future and led to increased share prices for competitors like Frontier Airlines. However, Spirit Airlines stated that normal operations will proceed, following approval from the US Bankruptcy Court for the Southern District of New York on motions related to its voluntary restructuring process.
Dave Davis, President and CEO of Spirit Airlines, said: "We are pleased to have reached this first milestone in our restructuring process, which will support normal operations as we take decisive action to ensure that Spirit continues delivering the best value in the sky for years to come."