Dave Davis to Lead Spirit Airlines Amid Post-Bankruptcy Recovery

Spirit Airlines, based in Broward, has officially named Dave Davis as its next President and Chief Executive Officer, effective April 21, signaling a significant shift in leadership as the company emerges from a turbulent chapter. Davis will also join the company’s Board of Directors, succeeding Ted Christie, who stepped down on April 7 after overseeing the airline’s recovery from bankruptcy protection and steering it through several stalled merger talks.

Industry veteran with experience at major carriers

Davis, 58, brings extensive airline industry experience to Spirit, having served most recently as President and Chief Financial Officer at Sun Country Airlines, headquartered in Minneapolis. He held that role since December 2019, while also serving on Sun Country’s Board of Directors. His background also includes executive positions at Northwest Airlines, where he was Executive Vice President and Chief Financial Officer prior to its acquisition by Delta Air Lines in 2008.

On April 17, Sun Country disclosed in a filing with the U.S. Securities and Exchange Commission that Davis had submitted his resignation the day prior. The document emphasized that Davis’ departure was not due to “any disagreement with the Company or the Board,” clarifying the transition was mutually understood and planned.

Potential implications for Spirit’s strategic direction

Davis’ previous role at Northwest Airlines during its merger with Delta raises questions about whether Spirit Airlines may again explore merger possibilities under his leadership. The company has faced multiple failed attempts in recent years, and Davis’ background suggests he may have the strategic insight to revisit such initiatives if the board deems it appropriate. Robert Milton, Chairman of Spirit’s board, commented that Davis “brings with him a wealth of experience and a solid track record of accomplishments from his many years in the airline industry,” adding that his appointment is well-aligned with Spirit’s transformation efforts.

Financial terms and role expectations

According to SEC filings dated April 17, Davis will enter into a three-year employment agreement with an annual base salary of $950,000 and a $4 million signing bonus, to be paid in two parts. This compensation package reflects Spirit’s commitment to stable leadership following a disruptive period for the carrier.

Spirit’s path out of bankruptcy

In November 2024, Spirit filed for bankruptcy protection, citing financial strain amid broader industry challenges. On February 20, the U.S. Bankruptcy Court for the Southern District of New York approved the airline’s restructuring plan, allowing it to continue operations. Former CEO Ted Christie described the court’s decision as “a major milestone,” adding that the airline would continue to focus on providing “enhanced travel experiences and greater value” to its customers.

As Davis prepares to take the helm, all eyes will be on whether Spirit can maintain operational stability while exploring strategic growth opportunities.