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.