Spirit Airlines Received Court Approval of First Day Motions to Support Continued Business Operations

• Flights, ticket sales, reservations and operations continue as airline advances financial and operational transformation

Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC (“Spirit” or the “Company”), has announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) for its first day motions related to the Company’s voluntary Chapter 11 restructuring.

The Court’s approvals enable Spirit to continue operating as usual, including honoring tickets, reservations, credits and loyalty points; paying wages and honoring benefits; and paying certain critical vendors and partners for goods and services delivered prior to the filing date. In addition, Spirit intends to pay vendors and suppliers for goods and services provided on or after the filing date in the ordinary course.

“We are pleased to have reached this first milestone in our restructuring process, which will support normal operations as we take decisive action to ensure that Spirit continues delivering the best value in the sky for years to come,” said Dave Davis, President and Chief Executive Officer. “With these approvals in place and access to the many new tools now available to us, we can continue to implement our transformation to build a stronger foundation and future for Spirit.”

At the Court hearing, the Company noted the ongoing, productive discussions with its secured bondholders and revolving lenders. While the Company currently has sufficient liquidity to fund its operations, it continues working productively with its secured noteholders and other stakeholders, including with respect to potential financing that may become necessary.

As previously announced, Spirit is executing a comprehensive restructuring of the airline to position the business for long-term success. Spirit intends to use the Chapter 11 process to implement the broad changes necessary to transition the Company for a sustainable future, including materially reducing its fleet and maintenance obligations and addressing its balance sheet.

Additional Information

The Company has created a dedicated website for stakeholders to learn about its restructuring process at www.spiritrestructuring.com. Additional information about the Company’s Chapter 11 case, including access to Court filings and other documents related to the restructuring process, is available at https://dm.epiq11.com/SpiritAirlines or by calling Spirit’s restructuring information line at (855) 952-6606 (U.S. toll free) or +1 (971) 715-2831 (international).

Advisors

Spirit is supported by Davis Polk & Wardwell LLP as legal counsel, Debevoise & Plimpton LLP as fleet counsel, FTI Consulting as restructuring, fleet and communications advisor and PJT Partners as investment banker.