Just a year after filing for bankruptcy, Spirit Airlines is now preparing to return to the stock market. The company has received approval to be listed on NYSE American, a subsidiary of the New York Stock Exchange. Trading is set to begin on April 29, 2025, when the market opens.
After its attempted merger with JetBlue was rejected last year, Spirit Airlines filed for bankruptcy in November 2024 and successfully emerged from it by March 2025. With a total of $350 million in new investments, the airline aims to regain profitability by enhancing the passenger experience. As part of its new strategy, Spirit Airlines has introduced different seat and service categories, including Basic Economy, Economy, Economy Plus, and First Class. The new offerings include seat selection, larger seats, premium beverages, carry-on and checked baggage services, and in-flight catering, all included in the ticket price.
With the NYSE American approval, Spirit Airlines will once again be traded on an official platform for both institutional and individual investors.
