Spirit Air Files for Bankruptcy: Atlantic City Area Needs to Know

Before there is any unnecessary panic, here is exactly what the Spirit Air bankruptcy filing means to the Atlantic City, New Jersey are.

In short, it doesn’t mean much. You will still be able to book your desired flights, use credits and points that you have earned.

I am a long-time Spirit Air $ 9 Fare Club Member. I fully recognize that Spirit Air gets a bad rap.

I just don’t think you can beat the convenience that we are fortunate to have in the Atlantic City area.

I am rooting for Spirit Air to become stronger than ever when they emerge from bankruptcy protection.

Reorganizing through the bankruptcy laws normally makes a company stronger in the end.

Had the Biden federal government not blocked a merger deal that Spirit Air had negotiated with JetBlue, this bankruptcy reorganization would not have been necessary.

I received an email from Ted Christie, President & CEO of Spirit Air at 5:52 a.m. this morning.

I have always found Christie to be intellectually honest and forthcoming.

Today is no exception.

Christie wrote the following:

I'm writing to let you know about a proactive step Spirit has taken to position the company for success. Spirit has entered into an agreement with our bondholders that is expected to reduce our total debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. Part of this financial restructuring includes filing a "prearranged" chapter 11, wrote Christie.

Christie also wrote in today’s letter that:

“The most important thing to know is that you can continue to book and fly now and in the future. We also want to assure you that” …

You can use all tickets, credits and loyalty points as normal.
You can continue to benefit from our Free Spirit loyalty program, Saver$ Club perks and credit card terms.
Our amazing Team Members are here to offer you excellent service and an elevated experience.

Christie expects the entire bankruptcy process to be completed by the 1st Quarter, 2025.

For more information about the Spirit Air financial restructuring, you can visit www.SpiritGoForward.com.

SOURCE: Ted Christie, President & CEO, Spirit Airlines.