Spirit Airlines stock to be listed — this time on the NYSE American exchange
Retail investors interested in the turbulent world of airline stocks will soon have a familiar name to trade again as Spirit Airlines will be listed on the NYSE American exchange starting April 29, the company announced Thursday.
“Listing our common stock on the NYSE American is an important next step in Spirit’s continued transformation as we remain focused on returning to profitability and positioning our airline for long-term success,” said Chief Executive Officer Dave Davis in a statement. The veteran industry executive recently joined the carrier from Sun Country Airlines.
Spirit’s shares will appear under the symbol FLYY. Prior to the company’s filing for Chapter 11 bankruptcy protection last November, it traded under the symbol SAVE while on the New York Stock Exchange, and then SAVEQ after being demoted to trading over-the-counter.
NYSE American is designed for growing companies, according to the New York Stock Exchange website, “and offers investors greater choice in how they trade.” The listing can raise the stock’s visibility and attract more investors.