secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0000950103-25-003231
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325003231/0000950103-25-003231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325003231/dp226099_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-003231

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