Spirit Airlines announced on Thursday that it has received approval to list its shares on the New York Stock Exchange (NYSE). The low-cost carrier, which emerged from bankruptcy earlier this year, expects its shares to begin trading on April 29.
The approval marks a significant milestone for Spirit, which had faced severe financial struggles in recent years, including years of losses, unsuccessful merger attempts, and heavy debt levels. These challenges led to the airline filing for bankruptcy in November 2024, resulting in its delisting from the NYSE at that time.
With the approval to return to the stock exchange, Spirit Airlines looks to rebuild investor confidence and stabilize its financial position as it recovers from its bankruptcy. The upcoming listing represents a fresh chapter for the airline as it navigates post-bankruptcy growth strategies and works to regain market strength.