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Moody's Ratings Downgrades Spirit Airlines' CFR To CAA3 Outlook Changed To Negative

ReutersAug 22, 2025 1:55 PM

- MOODY'S:

  • MOODY'S RATINGS DOWNGRADES SPIRIT AIRLINES' CFR TO CAA3; OUTLOOK CHANGED TO NEGATIVE

  • MOODY'S: SPIRIT AIRLINES DOWNGRADE REFLECTS SPIRIT'S DETERIORATING LIQUIDITY

  • MOODY'S: FORECAST SPIRIT AIRLINES WILL BURN MORE THAN $500 MILLION OF CASH IN 2025

  • MOODY'S: FORECAST $500 MILLION CASH BURN WILL RESULT IN SPIRIT AIRLINES VIOLATING ITS MINIMUM LIQUIDITY COVENANT OF $450 MILLION AS EARLY AS END OF 2025

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