Shrink to Shine: Spirit Airlines’ Bold (and Slightly Brutal) Plan to Diet Its Way Back to Profit by 2027
Spirit — the neon-yellow, ultra-low-cost U.S. carrier — has filed for Chapter 11 for the second time in a year and told regulators it expects to lose money in 2025 and 2026 before returning to a modest profit in 2027.What Spirit just told regulators (the cold, hard numbers)2025: An estimated loss of about $804 million.2026: A smaller but still negative number, around $145 million.2027: A projected $219 million net profit — the airline’s first full-year gain since 2019.Spirit says its turnaround plan will be fully implemented by the end of 2027, at which point it expects to generate roughly $900 million in EBITDAR (earnings before inte...
