Fitch Downgrades Spirit, Citing Rising Default Risk Amid Losses And Falling Liquidity
ReutersAug 15, 2025 8:34 PM
Aug 15 (Reuters) - Spirit Aviation Holdings Inc FLYY.A:
FITCH: DOWNGRADE REFLECTS HEIGHTENED POSSIBILITY THAT SPIRIT MAY BE UNABLE TO AVOID DEFAULT GIVEN ONGOING OPERATING LOSSES & DECLINING LIQUIDITY
FITCH: FAILURE TO RENEW CREDIT CARD PROCESSOR AGREEMENT OR UNFAVORABLE COLLATERAL REQUIREMENTS ARE RISKS TO SPIRIT'S ABILITY TO OPERATE
FITCH: BELIEVES THAT RISK OF LIQUIDATION IS ELEVATED SHOULD SPIRIT FILE FOR BANKRUPTCY
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