The New York Stock Exchange (NYSE) has determined that Spirit Aviation Holdings, currently under Chapter 11 bankruptcy process, is no longer suitable for listing and will commence delisting its common stock (ticker symbol FLYY), suspending trading immediately.
As a result of the suspension and expected delisting, the parent of Spirit Airlines (NK, Fort Lauderdale International) expects to commence trading on the OTC market, which is more limited than the NYSE and will likely result in a less liquid market for existing and potential holders, the company said in a notice to the US Securities and Exchange Commission.
In parallel, Spirit has received approval from the US Bankruptcy Court for the Southern District of New York for its first-day motions related to the new Chapter 11 bankruptcy process.
This means the carrier can continue operating as usual, honouring tickets, reservations, credits, and loyalty points; paying wages, and honouring benefits; and paying critical suppliers and partners, it said in a statement.
Spirit Aviation Holdings filed for Chapter 11 bankruptcy protection on August 29, 2025, following a dispute with AerCap over the lease of more than seventy aircraft both now in Spirit's fleet and as future deliveries. It is the company's second period of bankruptcy protection in less than a year.
In this second dose of Chapter 11, the carrier seeks to implement broad changes including reducing its fleet and maintenance obligations and addressing its balance sheet.
ch-aviation data shows Spirit's fleet comprises 214 aircraft: sixty-two A320-200s, ninety-one A320-200Ns, twenty-nine A321-200s, and thirty-two A321-200NXs.
