Fitch downgrades Spirit Airlines' long-term credit rating [Yahoo! Finance Canada]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance Canada
Airlines to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable. Earlier this week, the carrier said that it was in talks with creditors and was continuing to explore strategic alternatives to improve liquidity. The negotiations, with a supermajority of the noteholders, remained productive, advanced materially and would resume in the near term, it added. The Dania Beach, Florida-based airline has been losing money despite robust travel demand. It reported losses in five of the past six quarters, casting doubt on its capacity to address upcoming debt obligations. "Spirit now faces the risk that customers may increasingly opt to book away towards other carriers, fearing a potential bankruptcy, thus accelerating the company's cash burn," Fitch said in its report. The rating agency expects 2024 cash outflow to be around $600 million, partly offset by proceeds from asset sales and compensation from Pr
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- Fitch downgrades Spirit Airlines' long-term credit rating [Yahoo! Finance]Yahoo! Finance
- I've Always Planned Holiday Travel for My Family. Here Are 11 Things I've Learned Over the Years [CNET News]CNET News
- Where it all went wrong for America's least-loved airline [Yahoo! Finance]Yahoo! Finance
- Spirit is struggling to survive. Bankruptcy will likely mean other airlines raise their prices. [Business Insider]Business Insider
- No, estas imágenes en aeropuertos no son de viajeros que huyen de Trump | Hechos [USA TODAY]USA TODAY
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form NT
- 11/12/24 - Form SC
- SAVE's page on the SEC website