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 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 has officially exited Chapter 11 bankruptcy proceedings after shedding a large chunk of debt and receiving a new injection of cash from major creditors who supported its continued