Spirit Airlines reports Dec 2024 net loss of $410M in Chapter 11 monthly report

Spirit Aviation Holdings, Inc.

Net loss for December 2024 was $409.9M on gross income of $460.9M, including $87.6M in reorganization items.
Received $300M in DIP financing during the month; ended December with cash balance of $557M.
Sold two aircraft for $42.8M in cash, netting $25.6M after paying $17.2M to clear debt.
Professional fees paid in December totaled $5.84M; postpetition other taxes accrued $105.6M.
Plan of reorganization confirmed by bankruptcy court on Feb 20, 2025; equity holders expected to receive no recovery.

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