After rumors swirled this past weekend of the imminent closure of Spirit Airlines, the carrier Monday morning announced that it had secured an additional $100 million in credit.
"We are grateful to our lenders for continuing to support Spirit's transformation, recognizing all the significant progress our team has made in recent months," Spirit president and CEO Dave Davis said in a statement. Davis has been in his role since April.
Spirit in August filed for Chapter 11 bankruptcy protection for the second time in less than 12 months. It had emerged from its November 2024 bankruptcy filing in March 2025.
Spirit last week announced that its pilot and flight attendant groups had ratified new agreements. The carrier also in the past 60 days has repositioned its fleet and improved its cost structure, according to the airline.