Spirit Airlines, INC 8-K filings

Spirit Airlines has reached an agreement with International Aero Engines (IAE) for monthly credits to offset losses from grounded aircraft due to Pratt & Whitney engine issues.

Spirit Airlines and JetBlue have mutually agreed to terminate their merger agreement, with JetBlue paying Spirit a $69 million termination fee.

Spirit Airlines has adjusted the exercise prices and warrant shares of its warrants, as well as the conversion rates of its convertible notes, due to a $0.10 per share cash prepayment by JetBlue as part of their merger agreement.

Spirit Airlines has filed a registration statement to allow for the resale of warrants and the common stock issuable upon exercise of those warrants, originally issued to the U.S. Treasury.

Spirit Airlines reported a net loss for Q4 2023, but anticipates a significant revenue improvement in Q1 2024 and is navigating challenges including engine availability issues and an ongoing merger appeal.

JetBlue Airways has indicated that certain conditions for its merger with Spirit Airlines may not be met, potentially leading to the termination of the agreement.

Spirit Airlines has adjusted the exercise prices and share quantities of its warrants, as well as the conversion rates of its convertible notes, due to a $0.10 per share prepayment by JetBlue as part of their merger agreement.

JetBlue and Spirit Airlines have filed a joint notice of appeal to the U.S. Court of Appeals for the First Circuit, challenging the recent block of their merger.

Spirit Airlines announced preliminary Q4 2023 results, showing improved operating margin and strong holiday bookings, while also addressing the uncertainty surrounding its proposed merger with JetBlue.

A U.S. District Court has granted a permanent injunction against the proposed merger of Spirit Airlines and JetBlue Airways.