Spirit Airlines has made headlines for all the wrong reasons. The company is now facing one of the biggest crises in its history. Things have got so bad that some reports claim the budget airline might shut down completely. In fact, Spirit Airlines’ proposal for a USD 500 million bailout has reportedly been rejected by the U.S. government and shareholders as well. At the same time, the update has shocked the airline industry, particularly the travellers who preferred the budget Airlines. Given the growing uncertainty among airline travellers and markets, let’s find out who owns Spirit Airlines.
Who owns Spirit Airlines?
The U.S has a majority of privately owned airlines. But Spirit Airlines is mostly owned by a publicly traded company. It means the ownership is divided among institutional investors, mutual funds, ETFs and retail shareholders. According to recent ownership data, the majority of the company’s shares are held by large investment funds. In turn, there is no single controlling owner for Spirit Airlines.
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