Spirit Airlines, INC 8-K filings

Spirit Airlines has rejected the latest acquisition proposal from Frontier Group Holdings and will proceed with its standalone recapitalization plan.

Spirit Airlines extends the deadline for its $350 million equity rights offering as part of its Chapter 11 reorganization plan.

Frontier Airlines has proposed a merger with Spirit Airlines, arguing it offers better financial outcomes for creditors and shareholders compared to Spirit's current restructuring plan.

Spirit Airlines announces the adjournment of its Chapter 11 plan confirmation hearing to February 13, 2025.

Spirit Airlines extends the subscription tender deadline for its $350 million equity rights offering by 14 days, now set to expire on February 13, 2025, as part of its Chapter 11 reorganization plan.

Spirit Airlines has obtained commitments for $300 million in exit financing and a $300 million debtor-in-possession facility as it navigates its Chapter 11 bankruptcy proceedings.

Spirit Airlines has launched a $350 million equity rights offering as part of its pre-arranged bankruptcy plan, while also providing a monthly operating report for November 2024.

Spirit Airlines' stock was delisted from the NYSE and began trading on the OTC Pink Market after the company and its subsidiaries filed for Chapter 11 bankruptcy, triggering the acceleration of debt obligations.

Spirit Airlines has been delisted from the New York Stock Exchange and moved to the OTC Pink Market, while also securing key consents to amend its debt agreements as part of its ongoing restructuring.

Spirit Airlines will be delisted from the New York Stock Exchange after filing for Chapter 11 bankruptcy, with its shares now trading on the OTC Pink Market.

Spirit Airlines will be delisted from the NYSE and move to the OTC Pink Market, while also seeking consent from noteholders to remove bankruptcy restrictions in preparation for a Chapter 11 filing.

Spirit Airlines has entered a restructuring support agreement with a supermajority of its bondholders, commencing a prearranged Chapter 11 process to reduce debt and position the company for long-term success.

Spirit Airlines has delayed its Q3 2024 financial report due to ongoing restructuring negotiations with noteholders, estimating a significant drop in operating margins.

Spirit Airlines has entered into an agreement to sell 23 aircraft to GA Telesis for approximately $519 million, aiming to improve its liquidity by $225 million through 2025.

Spirit Airlines is selling 23 aircraft for $519 million and expects a better-than-anticipated third-quarter operating margin due to stronger revenue and early transformation plan results.

Spirit Airlines has extended key debt deadlines and fully drawn down its revolving credit facility to bolster its liquidity.

Spirit Airlines has extended the deadline to refinance its senior secured notes due in 2025, impacting the term of its card processing agreement with U.S. Bank National Association.

Spirit Airlines reported a net loss of $192.9 million for the second quarter of 2024, as increased industry capacity and pricing pressures impacted revenue, while the company is implementing a transformation plan to enhance the guest experience.

Spirit Airlines will release its second quarter 2024 financial results before the market opens on August 1, 2024, followed by a conference call.

Spirit Airlines has revised its second-quarter 2024 revenue estimates downward due to lower-than-expected non-ticket revenue, despite ticket revenue being in line with expectations.

Spirit Airlines has appointed Richard F. Wallman, a seasoned financial executive, to its Board of Directors, effective July 16, 2024.

Spirit Airlines has amended its revolving credit facility and card processing agreement, extending maturity dates and removing provisions related to the terminated JetBlue merger.

Spirit Airlines has appointed Fred Cromer as its new Chief Financial Officer, effective July 8, 2024, and announced other executive leadership changes.

Spirit Airlines' stockholders approved the 2024 Incentive Award Plan and elected two Class I directors at their annual meeting on June 7, 2024.

Spirit Airlines has announced the departure of its CFO, Scott Haralson, and the appointment of Brian McMenamy as Interim CFO, effective June 14, 2024.

Spirit Airlines reported a first-quarter loss but highlighted strategic changes, cost-saving initiatives, and fleet adjustments aimed at improving financial performance.

Spirit Airlines announces that director Dawn M. Zier will not seek re-election, leading to a reduction in the board size from eight to seven members.

Spirit Airlines has updated its first quarter 2024 liquidity estimate to $1.2 billion and revised its operating margin forecast due to a change in accounting for engine-related credits.

Spirit Airlines has revised its Q1 2024 operating margin guidance due to a change in accounting for engine-related credits, while maintaining overall expense expectations.

Spirit Airlines has deferred aircraft deliveries from Airbus, improving its liquidity by approximately $340 million over the next two years, while also announcing pilot furloughs due to grounded aircraft and delivery delays.