Spirit Airlines, INC

Market Movers (8-K)

Spirit Aviation Holdings, Inc. has commenced an orderly wind-down of its operations, cancelling all flights effective immediately due to insurmountable financial pressures.
Worse than expected
Spirit Aviation Holdings, Inc. filed monthly operating reports for December 2025 and January 2026, revealing significant net losses and ongoing Chapter 11 proceedings.
Worse than expected
Spirit Aviation Holdings, Inc. has announced a comprehensive restructuring plan, including a significant fleet reduction and a new agreement with engine supplier IAE, as it navigates Chapter 11 bankruptcy.
Capital raise
Better than expected
Spirit Aviation Holdings, Inc. filed its November 2025 monthly operating report, revealing a net loss of $54.7 million as it continues its Chapter 11 bankruptcy proceedings.
Worse than expected
Spirit Aviation Holdings, Inc. announced an amendment to its debtor-in-possession credit agreement, securing an additional $100 million in funding to support its ongoing restructuring efforts.
Capital raise
Spirit Aviation Holdings, Inc. filed its October 2025 monthly operating report, revealing a net income of $20.96 million despite an operating loss of $96.34 million, as it continues Chapter 11 bankruptcy proceedings.

Quarterly Earnings (10-Q)

Spirit Aviation Holdings, Inc. reports a significant net loss of $317.5 million for Q3 2025, enters its second Chapter 11 bankruptcy, and sees its stock delisted from NYSE American.
Delay expected
Worse than expected
Capital raise
Spirit Aviation Holdings, Inc. reported a significant net loss of $245.8 million in Q2 2025, a worsening from the prior year, and disclosed substantial doubt about its ability to continue as a going concern within the next 12 months.
Worse than expected
Capital raise
Delay expected
Spirit Aviation Holdings, Inc. successfully emerged from Chapter 11 bankruptcy, restructuring $1.6 billion in liabilities and securing new financing, but reported a negative operating margin and increased unit costs in the first quarter of 2025.
Worse than expected
Capital raise
Delay expected
Spirit Airlines has filed for Chapter 11 bankruptcy protection and will be delisted from the NYSE, moving to the OTC Pink Market, due to ongoing financial challenges.
Worse than expected
Delay expected
Capital raise
Spirit Airlines reported a net loss of $192.9 million for the second quarter of 2024, impacted by a challenging pricing environment and operational issues.
Worse than expected
Delay expected
Capital raise
Spirit Airlines reported a net loss of $142.6 million for the first quarter of 2024, impacted by the termination of the JetBlue merger and Pratt & Whitney engine issues.
Worse than expected
Delay expected

Annual Reports (10-K)

Spirit Aviation Holdings files an amendment to its 2025 Annual Report to provide required Part III disclosures regarding executive compensation and corporate governance.
Worse than expected
Capital raise
Spirit Aviation Holdings, Inc. reports a substantial net loss of $2.76 billion for 2025 and warns of liquidation risk, with no recovery expected for common stockholders in its ongoing Chapter 11 proceedings.
Delay expected
Worse than expected
Capital raise
Spirit Aviation Holdings files an amendment to its 2024 annual report to include previously omitted information regarding directors, executive compensation, and corporate governance.
Worse than expected
Spirit Airlines files its 10-K, detailing its Chapter 11 reorganization, financial performance, and strategic shifts in a competitive airline industry.
Capital raise
Worse than expected
Delay expected
This 10-K filing details Spirit Airlines' stock information, anti-takeover provisions, and provides an update on the ongoing JetBlue merger, including legal challenges and potential termination.
Worse than expected
Delay expected

Insider Trading (Form 4)

Spirit Aviation Holdings, Inc. Director David N. Siegel was granted 29,535 restricted stock units, increasing his beneficial ownership to 251,309 shares.
Spirit Aviation Holdings, Inc. Director Robert A. Milton was granted 29,535 restricted stock units, aligning his interests with shareholders.
Spirit Aviation Holdings, Inc. Director Radha Tilton was granted 29,535 restricted stock units, vesting on the first anniversary of the grant date.
Spirit Aviation Holdings, Inc. Director Andrea Fischer Newman was granted 29,535 restricted stock units, aligning her interests with shareholder value.
Spirit Aviation Holdings, Inc. Director Timothy J. Bernlohr was granted 29,535 restricted stock units, vesting one year from the grant date.
Spirit Aviation Holdings, Inc. Director Eugene I. Davis was granted 29,535 restricted stock units, vesting on the first anniversary of the grant date.

Proxy Statements (Def-14A)

Spirit Airlines is holding its 2024 Annual Meeting on June 7, 2024, where stockholders will vote on the election of directors, ratification of the independent accounting firm, executive compensation, and the approval of the 2024 Incentive Award Plan.
Spirit Airlines is holding its annual stockholder meeting on June 7, 2024, to vote on key proposals including the election of directors, ratification of the auditor, executive compensation, and approval of the 2024 Incentive Award Plan.
Worse than expected

New Public Companies (S-1)

Spirit Aviation Holdings, Inc., the new parent company of Spirit Airlines, has filed an S-1 registration statement to allow selling stockholders to resell up to 6.28 million shares of common stock following its emergence from Chapter 11 bankruptcy.
Capital raise

Schedule 13D - Activist Investments

An investor group holding 5.1% of Spirit Aviation Holdings, Inc. common stock is pushing for an expanded examiner mandate following the company's second bankruptcy filing.
Worse than expected
An investor group holding 5.08% of Spirit Aviation Holdings, Inc. is pushing for a merger or sale of the company, citing management's inability to protect shareholder value after two rapid bankruptcy filings.
Worse than expected
Esopus Creek Value Series Fund LP and its affiliates have reduced their beneficial ownership in Spirit Aviation Holdings, Inc. to 4.97%, falling below the 5% threshold.
Worse than expected
Esopus Creek Fund and affiliates disclose a 5% stake in Spirit Aviation Holdings, Inc., citing undervaluation and management concerns after two bankruptcies.
Worse than expected

Schedule 13G - Passive Investments

M&G Plc, through its subsidiaries, has reported beneficial ownership of 1,642,868 shares, representing 5.8% of the common stock of Spirit Aviation Holdings, Inc.
Vladimir and Angelica Galkin have filed a Schedule 13G reporting a 5% beneficial ownership stake in Spirit Aviation Holdings, Inc.
AllianceBernstein L.P. has reported a 9.0% passive beneficial ownership stake in Spirit Aviation Holdings Inc. common stock.
Rokos Capital Management (US) LP and Christopher Rokos reported a 1.0% beneficial ownership stake in Spirit Aviation Holdings, Inc. common stock as of September 30, 2025.
Cyrus Capital Partners and its affiliates have disclosed an 8.6% beneficial ownership stake in Spirit Aviation Holdings, Inc., totaling 2,147,586 shares.
Rokos Capital Management and Christopher Rokos have disclosed a 5.1% beneficial ownership stake in Spirit Aviation Holdings, Inc., totaling 1,327,419 shares of common stock.