other_material
confidence medium
sentiment neutral
materiality 0.50
Spirit Airlines emerges from Chapter 11, files Feb 2025 MOR showing $687M loss
Spirit Aviation Holdings, Inc.
- Spirit Airlines exit bankruptcy on March 12, 2025; all cases closed except Spirit Finance Cayman 1 Ltd.
- Feb 2025 MOR reports gross income $282.8M, cost of goods sold $310.7M, net loss $686.7M (includes reorganization items).
- Total assets $9.86B, total liabilities $9.50B, ending equity -$355.9M as of Feb 28, 2025.
- Post-confirmation report for Mar 12-27, 2025 also filed; monthly reports are unaudited and not for investment decisions.
item 7.01item 9.01