Spirit Airlines has officially emerged from bankruptcy after completing a financial restructuring that reduced debt and secured $350 million in new investment. The airline now plans a strategic shift,

Discount carrier Spirit Airlines has emerged from bankruptcy protection. The budget airline — known for its no-frills, low-cost flights on a fleet of yellow planes — said this week that its parent, Spirit Aviation Holdings,

Spirit Airlines is reportedly planning to expand its route network by adding 28 new routes. However, as part of its updated schedule, the US-based low-cost airline will also discontinue service to five destinations.