Spirit Airlines, Inc.

Spirit Airlines, Inc. was an American ultra-low-cost carrier headquartered in Dania Beach, Florida, within the Miami metropolitan area. The company's mission was to deliver value in air travel by offering ultra-low base fares and optional paid services, allowing customers to pay only for their chosen amenities. Spirit operated scheduled flights across the United States, the Caribbean, and Latin America.

Spirit Airlines operated under a distinctive ultra-low-cost business model, providing a "Bare Fare" that included a seat and a personal item, while charging extra for services such as carry-on and checked baggage, seat selection, and in-flight refreshments. This unbundled approach aimed to make air travel accessible to budget-conscious travelers, including families and millennials. The airline utilized a point-to-point network and maintained a fleet primarily composed of fuel-efficient Airbus A320 family aircraft to ensure operational efficiency.

Spirit Airlines faced significant financial challenges, filing for Chapter 11 bankruptcy in November 2024, emerging in March 2025, and filing again in August 2025. Dave Davis was appointed President and CEO in April 2025, following a leadership transition. Despite restructuring efforts and a brief listing on the NYSE American under the symbol FLYY in April 2025, the company's stock later traded on the OTC market under SAVEQ. On May 2, 2026, Spirit Airlines announced it was ceasing operations immediately after failing to secure a federal bailout amidst rising fuel costs and ongoing financial distress.