Spirit Airlines Parent Set for NYSE Delisting
Spirit Aviation Holdings, the parent of Spirit Airlines, will be delisted from the New York Stock Exchange after the exchange determined the company no longer meets listing standards. Trading of its common stock under the ticker symbol FLYY has been suspended, and the company expects to move to the over-the-counter (OTC) market. This shift will provide a more limited and less liquid trading platform for investors.
The decision comes as Spirit continues its latest Chapter 11 restructuring process. On August 29, 2025, the company filed for bankruptcy protection for the second time in less than a year. The US Bankruptcy Court for the Southern District of New York has approved the airline’s first-day motions, ensuring it can continue operating during the process. Spirit confirmed it will keep flying its full schedule, honor tickets, credits, and loyalty points, pay employees, and maintain relationships with suppliers.
The restructuring aims to streamline operations by reducing fleet size, lowering maintenance obligations, and improving the balance sheet. A key factor in the filing was an ongoing dispute with lessor AerCap involving more than seventy aircraft, including both current and future deliveries.
Spirit Airlines operates a fleet of 214 Airbus aircraft, including sixty-two A320-200s, ninety-one A320neo, twenty-nine A321-200s, and thirty-two A321neo. The carrier has struggled with rising costs, competitive pressure, and ongoing legal challenges, but executives maintain the restructuring will give Spirit the tools needed to stabilize and position itself for long-term recovery.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com