Skift Take
These two major developments suggest that Spirit Airlines management are taking the carrier's financial situation very seriously.
Spirit Airlines has announced two major changes to help shore up its balance sheet.
Firstly, the low-cost carrier has struck a deal with Airbus to delay deliveries of some new planes. Almost all Airbus A320neo Family aircraft that were due to be delivered between Q2 2025 and the end of 2026 are being deferred.
Spirit says the decision is expected to improve its liquidity position by approximately $340 million over the next two years. The planes will now arrive around five years later between 2030 and 2031.
The U.S. low-cost airline said the move only impacts orders within the 2025-2026 period, with those scheduled after this unaffected.
It added that the deferrals do not include direct-lease planes due for delivery in the period, with one handover scheduled in both Q2 and Q3 of 2025.