Spirit Aviation Holdings, Inc. and its subsidiaries are operating under Chapter 11 bankruptcy protection, initiated on August 29, 2025, with cases jointly administered. The company filed its monthly operating reports for December 2025 and January 2026 with the United States Bankruptcy Court for the Southern District of New York. For December 2025, the company reported total operating revenues of $296,449,761 and an operating income of $8,504,219, but a net loss of $(2,068,070,493) primarily due to significant reorganization items. For January 2026, total operating revenues were $250,341,440, with an operating loss of $(42,055,390), leading to a net loss of $(125,187,011). Total assets declined from $5,986,082,951 in December 2025 to $5,892,065,588 in January 2026. Total liabilities increased from $8,080,717,804 in December 2025 to $8,108,155,090 in January 2026, with a substantial portion classified as 'Liability subject to compromise' ($5,983,485,303 and $5,987,529,018, respectively). The company's net asset position (equity) worsened from $(2,094,634,853) in December 2025 to $(2,216,089,502) in January 2026. The reports are unaudited, limited in scope, not prepared for investment decisions, and subject to future adjustment and reconciliation.