Spirit Airlines Exits Bankruptcy, CEO Says Carrier Is Leaner And Ready To Compete

Benzinga

Spirit Airlines has emerged from bankruptcy, according to CNBC. CEO Ted Christie stated the airline is now leaner and prepared to compete with rivals.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Spirit Airlines has emerged from bankruptcy, according to CNBC.

00:05CEO Ted Christie stated the airline is now leader and prepared to compete with rivals.

00:09Legend Airline pioneered a la carte pricing and has been offering more bundled ticket options.

00:14Spirit posted a net loss of over $1 billion last year, impacted by grounded jets,

00:18rising costs, and a failed merger with JetBlue Airways.

00:21The airline rejected recent merger proposals from Frontier Airlines and said it remains

00:25focused on stabilizing operations post-bankruptcy.

00:29The company plans to relist its shares on a stock exchange, but has not set a date.

00:33For all things money, visit Benzinga.com slash GSTV.

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