Spirit Airlines (US) has reported a net loss of $138.3 million for January 2025, reflecting ongoing financial challenges and operational pressures. Despite the loss, the airline generated $347.4 million in gross income during the month and began with a cash balance of $1.14 billion, providing financial flexibility to navigate market conditions.
Spirit Airlines (US) has announced a $1.22 billion net loss for 2024, with operating revenue declining by 8.4% to $4.91 billion. The low-cost carrier continues to face financial headwinds, including weaker demand, operational disruptions, and fleet challenges. Key Financial Performance Metrics Factors Contributing to the Loss Spirit Airlines’ financial struggles stem from multiple challenges, including: Strategic Response and Future Outlook…
Spirit Airlines (US) has secured $150 million in compensation from Pratt & Whitney, addressing financial losses stemming from GTF engine removals affecting its Airbus fleet. The airline anticipates further payments, as engine replacement and maintenance challenges are expected to continue through 2026 and beyond.
Spirit Airlines has expanded its fleet with the delivery of a new Airbus A321neo, bearing serial number 12330. The aircraft is powered by PW1133G-JM engines, enhancing fuel efficiency and operational performance.
Frontier Airlines is once again pursuing a merger with Spirit Airlines, reviving a deal that previously fell through. The parent company, Frontier Group Holdings, has put forth a proposal that includes $400 million in newly issued debt and common stock, aiming to consolidate operations with the ultra-low-cost carrier.
SkyWorks Holdings, a US-based aviation asset management and advisory firm, has released details of its 4Q 2024 activities, which include a range of sale, leaseback, and financing transactions across multiple aircraft types and global clients.
Spirit Airlines, a major US-based low-cost carrier, has announced a workforce reduction involving approximately 200 jobs. The decision, described as part of an efficiency drive, will impact various departments across the airline.
Spirit Airlines (US) has initiated a US$350 million equity rights offering as part of its ongoing Chapter 11 bankruptcy restructuring efforts. This strategic move aims to bolster the airline’s financial stability and ensure operational continuity amid its restructuring process.
Spirit Airlines, a leading ultra-low-cost carrier in the United States, has expanded its fleet with the addition of a new Airbus A321neo, identified by serial number 12324. This aircraft, acquired on lease, is powered by PW1133G-JM engines, reinforcing the airline’s commitment to efficiency and sustainability.
Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.
