Spirit Airlines Gets $100 Million Lifeline Amid Restructuring

Spirit Aviation Holdings Inc. received a short-term lifeline from creditors after securing access to another tranche of financing, easing immediate pressure on the carrier as it works through its second bankruptcy in less than a year.

The ultra-low-cost carrier said it amended its debtor-in-possession credit agreement to provide access to $100 million in incremental funding, according to a Monday statement.