financetom
Business
financetom
/
Business
/
Spirit to cut fleet to 76 to 80 planes by third quarter of 2026
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spirit to cut fleet to 76 to 80 planes by third quarter of 2026
Mar 13, 2026 3:41 PM

March 13 (Reuters) - Spirit Aviation Holdings ( FLYYQ )

, the parent company of Spirit Airlines, said on

Friday it intends to further cut its fleet to 76 to 80 planes

from 114 by the third quarter of 2026, primarily consisting of

Airbus A320/321 CEO aircraft.

The airline also filed a Restructuring Support Agreement and

Plan of Reorganization with the U.S. Bankruptcy Court for the

Southern District of New York as it expects to emerge from

Chapter 11 by early summer.

* Spirit's debt and lease obligations are expected to be

reduced from $7.4 billion pre-filing to approximately $2 billion

post-emergence.

* Spirit will focus on its strongest routes and markets,

including Fort Lauderdale (FLL), Orlando (MCO), Detroit (DTW)

and the New York City area (EWR/LGA).

* The company anticipates adding aircraft between 2027 and

2030, commensurate with profitable growth opportunities.

* Spirit intends to expand its Spirit First and Premium

Economy products and continue its rollout of Premium Economy

seating.

* In October 2025, Spirit cut 100 aircraft, nearly half of

its fleet, as part of a sweeping bankruptcy restructuring

process.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved