Spirit Airlines looks to transfer two Chicago airport gates to United Airlines for $30 million
NEW YORK, Feb 4 (Reuters) - Spirit Aviation FLYYQ.PK is seeking court approval to transfer two airport gates to United Airlines UAL.O for $30.2 million, according to a court filing.
As part of its network optimization, Spirit determined it no longer needs all four preferential gates at Chicago O'Hare International Airport. The airline previously reassigned two of those gates to American Airlines in December.
In August 2025, Spirit filed for bankruptcy for a second time as it grappled with dwindling cash reserves and mounting losses. The company has already exited 14 airports and rejected leases for over 80 aircraft in an effort to shed non-core assets and preserve cash.
According to the filing, two major airlines submitted bids. Spirit said United offered the highest and best combination of price and operational fit.
If approved by the court, Spirit said it will use the $30.2 million assignment fee to pay down debt.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
