Spirit Airlines has emerged from bankruptcy, achieving its goal of doing so in the first quarter after several challenging years. CEO Ted Christie stated that the airline is now leaner and prepared to compete with rivals such as Southwest Airlines. Recently, Southwest announced it will begin charging for checked bags for the first time in its history, a move that could impact customer preferences. Spirit Airlines, known for its a la carte pricing model, may attract customers who previously chose Southwest for its free bag policy. Spirit is focusing on returning to profitability after posting a net loss exceeding $1.2 billion last year. Through its restructuring process, Spirit reduced its debt by approximately $795 million and received a $350 million equity infusion. The airline plans to relist its shares but has not set a date yet. — news from CNBC
