March 13 (Reuters) - 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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