Low-Cost Carrier Seeks Lifeline Amid Bankruptcy Fears
Spirit Airways has secured up to $100 million in funding, according to a recent agreement with lenders. The funding is part of a debtor-in-possession credit agreement, which allows the airline to continue operating while it reorganizes. CEO Dave Davis expressed gratitude for the support, citing significant progress made in recent months. Spirit is currently in active negotiations on possible mergers with other airlines. The airline has been struggling to regain a stable footing since filing for Chapter 11 bankruptcy protection in August 2025.