Discount carrier Spirit Airlines has emerged from bankruptcy protection. The budget airline — known for its no-frills, low-cost flights on a fleet of yellow planes — said Wednesday that its parent, Spirit Aviation Holdings,

U.S. carrier Spirit Airlines , long known for its no-frills service, said on Wednesday it was pushing ahead with plans to rebrand itself as a premium airline as it emerged from bankruptcy protection after four months.

Spirit Airlines emerged from bankruptcy protection Wednesday with “significantly less debt and greater financial flexibility,” meeting its goal to complete a reorganization by the end of this quarter.

Spirit Airlines is out of bankruptcy—with a plan to continue remaking itself to take on bigger rivals. The budget carrier filed for Chapter 11 in November to restructure looming debt after years of lo

Spirit Airlines ( OTC:SAVEQ) has emerged from bankruptcy with significantly less debt and greater financial flexibility, saying it will move ahead with its strategy of redefining low-fare travel with new, high-value travel options.

Spirit Airlines has officially emerged from bankruptcy after completing a financial restructuring that reduced debt and secured $350 million in new investment. The airline now plans a strategic shift,

The airline, headquartered in Dania Beach, Florida, filed for Chapter 11 bankruptcy protection in November. As part of the restructuring, Spirit eliminated approximately $795 million in funded debt and received a $350 million equity investment from existing investors.