Spirit Airlines is currently owned by Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, LLC. After emerging from Chapter 11 bankruptcy in March 2025, Spirit completed a financial restructuring that significantly reduced its debt and received a $350 million equity investment from existing investors to support future initiatives
. Before bankruptcy, Spirit Airlines was publicly traded with major institutional shareholders. The largest shareholder was The Vanguard Group, Inc., owning nearly 10% of the company, followed by BlackRock, Inc. with about 7.7% ownership. Other significant shareholders included Nomura Holdings, Dimensional Fund Advisors, and State Street Global Advisors, among others
. Spirit Airlines had attempted a merger with JetBlue in 2022, which was blocked by a U.S. court on antitrust grounds. Subsequently, Frontier Airlines made acquisition offers in early 2025, which Spirit rejected as inadequate, opting instead to proceed with standalone restructuring
. In summary:
- Spirit Airlines is owned by Spirit Aviation Holdings, Inc. after emerging from bankruptcy in 2025.
- Major institutional shareholders include The Vanguard Group and BlackRock.
- The airline is currently independent, having rejected acquisition proposals from Frontier Airlines and having a blocked merger attempt with JetBlue
