by Lacey Pfalz
Last updated: 9:25 AM ET, Fri April 25, 2025
Following Spirit Airlines’ reorganization after filing for bankruptcy, Spirit Aviation Holdings, Inc., the airline’s parent company, announced its common stock has been approved to list on the NYSE American, with trading to begin April 29, 2025 under the symbol FLYY.
This is an important step for the airline in its reorganization plan.
Spirit Airlines was the first domestic airline to file for Chapter 11 bankruptcy since 2011. A court approved its $795 million funded debt equitizing plan in late February. It reported around $3.3 billion in debt, citing the pandemic and a failed merger with JetBlue as two major reasons for the bankruptcy.
Following the filing, Spirit Airlines was taken off the New York Stock Exchange.
CEO Ted Christie left the company in April. Airline industry veteran Dave Davis became President and CEO on April 21, tasked with steering the company back out of bankruptcy and towards profitability.
"Listing our common stock on the NYSE American is an important next step in Spirit's continued transformation as we remain focused on returning to profitability and positioning our airline for long-term success," said Davis.
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