Ted Christie, president and CEO of Spirit Airlines, has stepped down from the company and its board of directors, effective April 7, 2025.
“On behalf of the board and the Spirit team, I thank Ted for his tireless efforts over the course of his 13 years at the company,” said Robert Milton, chairman of Spirit Airlines.
Until a new CEO is appointed, the company will be led by an interim office of the president, composed of Fred Cromer, executive vice president and CFO; John Bendoraitis, executive vice president and COO; and Thomas Canfield, senior vice president and general counsel.
This news comes less than one month after Spirit emerged from its financial restructuring on March 12, 2025, reducing its debt by around $795 million.
Spirit confirmed it will be moving ahead with its premium offerings, supported by a $350 million equity investment from existing investors. The company’s reorganisation plan was confirmed by a US bankruptcy court in February 2025, with “overwhelming support from a supermajority of the company’s loyalty and convertible noteholders”.
In addition to Christie’s departure, the company also announced that Matt Klein, executive vice president and CCO, will also be stepping down. He will be succeeded by Rana Ghosh effective immediately.