April 7 (Reuters) - U.S. discount carrier Spirit
Airlines said on Monday that CEO Ted Christie has
stepped down with immediate effect as part of a shakeup, weeks
after the company emerged from bankruptcy and reconstituted its
board.
Chief Commercial Officer Matt Klein is also leaving and will
be succeeded by insider Rana Ghosh.
Last month, the low-cost carrier said it would rebrand
itself as a premium airline, as it emerged from bankruptcy
protection following the completion of a financial
restructuring. The shift would generate 13% more revenue per
passenger, according to the company's estimate.
Christie joined Spirit in April 2012 and was named the CEO
on January 1, 2019.
An interim office of the CEO, consisting of Chief Financial
Officer Fred Cromer, Chief Operating Officer John Bendoraitis
and General Counsel Thomas Canfield, will lead the company until
a new chief is named.
Spirit had filed for bankruptcy protection last November,
following years of losses and heavy debt, as well as failed
merger attempts.
Low-cost carriers, which excelled at keeping their expenses
low and offering affordable travel, have struggled since the
pandemic as travelers prefer to pay extra for a more comfortable
journey as they pursue experiences.