New Leadership at Spirit Airlines

In a significant move, Spirit Airlines, Inc. is reportedly on the verge of announcing Dave Davis as its new chief executive officer (CEO). This decision comes shortly after the departure of Ted Christie, the previous CEO, who left his position in early April. The Wall Street Journal revealed this development, citing insider sources familiar with the matter.

Dave Davis's Stellar Career

Davis, whose recent role was as president and chief financial officer at Sun Country Airlines Holdings Inc., brings a wealth of experience to the table. His extensive background in the airline industry includes a notable tenure as CFO of Northwest Airlines, prior to its acquisition by Delta Air Lines.

Spirit's Path Forward

This leadership change occurs as Spirit Airlines navigates through challenging times, having filed for bankruptcy protection in November. The airline's attempt to merge with JetBlue Airways Corp. fell through, prompting a strategic shift towards restructuring its debt. The official announcement regarding Davis's appointment is eagerly anticipated later today.