Spirit Airlines to sell 20 jets, recalls furloughed flight attendants

Core Viewpoint - Spirit Airlines is undergoing significant restructuring due to financial difficulties, including a second bankruptcy filing and plans to sell aircraft to improve its financial situation [2][3][8]. Group 1: Bankruptcy and Financial Restructuring - Spirit Airlines filed for Chapter 11 bankruptcy protection for the second time in August 2025, following a previous filing in November 2024 and a restructuring completion in March 2025 [2]. - The airline is implementing service cuts and furloughs as part of its restructuring efforts [2]. - The company has formally requested federal bankruptcy court approval to sell 20 Airbus jetliners, which it believes will enhance its financial flexibility [6][7]. Group 2: Aircraft Sale Details - The sale of the 20 aircraft is expected to generate approximately $533.5 million from the first bidder, CSDS Asset Management, with potential competing offers starting at around $554 million [8]. - The aircraft involved in the sale are not currently in revenue service, and the company does not anticipate any changes to its near-term flight schedule or staffing as a result of the sale [3][6]. Group 3: Flight Attendant Recall - Spirit Airlines plans to recall 500 of the more than 1,300 flight attendants who were furloughed in December 2025 due to ongoing financial struggles [10]. - The recall will occur in order of system seniority, with those involuntarily furloughed first [13]. - The union representing the flight attendants views the recall as a positive development to address operational challenges faced by the airline [14].