Spirit Airlines is planning to reduce its fleet to one-third of pre-bankruptcy size and begin a deep restructuring aimed at cutting costs and stabilizing its finances. The airline has previously filed for bankruptcy twice within a year and is seeking to remove roughly 20 additional aircraft from its 114 planes. The announcement further advances Spirit's fleet‑cutting plans. The proposed restructuring will see Spirit's debt and lease obligations reduced to about $2 billion from $7.4 billion before the filing. The carrier has warned that volatility in fuel prices linked to the Iran war has complicated negotiations over its exit from Chapter 11. Spirit plans to focus on its strongest routes and markets, including Fort Lauderdale, Orlando, Detroit and New York City.