Spirit Airlines has completed the Chapter 11 bankruptcy process, and is "emerging as a stronger and more focused airline," chief executive Ted Christie said Wednesday.

Spirit Airlines (OTC:SAVEQ) has emerged from bankruptcy with significantly less debt and greater financial flexibility, saying it will move ahead with its strategy of redefining low-fare travel with new,

Spirit Airlines emerged from bankruptcy protection Wednesday with “significantly less debt and greater financial flexibility,” meeting its goal to complete a reorganization by the end of this quarter.