welcome
Associated Press News

Associated Press News

Business

Business & Economics

Spirit Airlines exits bankruptcy protection as travel demand slows

Associated Press News
Summary
Nutrition label

84% Informative

Spirit Aviation Holdings has exited bankruptcy after finalizing debt restructuring.

The Florida airline filed for bankruptcy in November .

The restructuring deal allows Spirit to convert $795 million of its debt into equity.

The company says it's also received a $350 million equity investment from existing investors to aid future operations.