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Reuters ·  Mar 13 18:22

- Fitch:

  • Fitch Upgrades Spirit Airlines to 'ccc+'; Assigns Exit Note Rating of 'b-'/'rr3'

  • Fitch: Expects Spirit's Liquidity to Remain Sufficient in Near Term

  • Fitch: Believes Spirit Airlines Leverage Will Remain Constraint on Rating at Least Through 2026

  • Fitch: Sees Spirit's Liquidity Pressure Could Arise Beyond 2025 if Co's Projected Profit Improvements Fail to Materialize

  • Fitch: Views Spirit Airlines' Strategic Shift as Having Merit, but Execution Risks Are High

  • Fitch: Expects Spirit Airlines to Generate Losses at EBIT Level in 2025 and Potentially Through 2026

  • Fitch: Expect Spirit to Generate Modestly Positive Cash Flow From Operations in 2026

  • Fitch: Views Spirit Airlines' Capacity Constraint as Necessary Step Towards Improving Profitability, but to Also Contribute to Unit Cost Headwinds

  • Fitch: Expects Spirit Airlines' Efficiency to Increase in 2026 and Beyond as Co Is Able to Increase Utilization of Its a320 Neo Family of Aircraft

Source Text: Id:Nfitbv9Scs

Further Company Coverage: Saveq.pk


((Reuters.briefs@Thomsonreuters.com;))

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