Fitch Upgrades Spirit Airlines to 'CCC+'; Assigns Exit Note Rating of 'B-'/'RR3'

Reuters

Mar 14, 2025

March 13 (Reuters) - Fitch::
*FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'
*FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM
*FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026
*FITCH: SEES SPIRIT'S LIQUIDITY PRESSURE COULD ARISE BEYOND 2025 IF CO'S PROJECTED PROFIT IMPROVEMENTS FAIL TO MATERIALIZE
*FITCH: VIEWS SPIRIT AIRLINES' STRATEGIC SHIFT AS HAVING MERIT, BUT EXECUTION RISKS ARE HIGH
*FITCH: EXPECTS SPIRIT AIRLINES TO GENERATE LOSSES AT EBIT LEVEL IN 2025 AND POTENTIALLY THROUGH 2026
*FITCH: EXPECT SPIRIT TO GENERATE MODESTLY POSITIVE CASH FLOW FROM OPERATIONS IN 2026
*FITCH: VIEWS SPIRIT AIRLINES' CAPACITY CONSTRAINT AS NECESSARY STEP TOWARDS IMPROVING PROFITABILITY, BUT TO ALSO CONTRIBUTE TO UNIT COST HEADWINDS
*FITCH: EXPECTS SPIRIT AIRLINES' EFFICIENCY TO INCREASE IN 2026 AND BEYOND AS CO IS ABLE TO INCREASE UTILIZATION OF ITS A320 NEO FAMILY OF AIRCRAFT

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 13-MAR-202518:20:17.997 GMT

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ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'<br/>*FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM<br/>*FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026<br/>*FITCH: SEES SPIRIT'S LIQUIDITY PRESSURE COULD ARISE <a href=\"https://laohu8.com/S/BYON\">BEYOND</a> 2025 IF CO'S PROJECTED PROFIT IMPROVEMENTS FAIL TO MATERIALIZE<br/>*FITCH: VIEWS SPIRIT AIRLINES' STRATEGIC SHIFT AS HAVING MERIT, BUT EXECUTION RISKS ARE HIGH<br/>*FITCH: EXPECTS SPIRIT AIRLINES TO GENERATE LOSSES AT EBIT LEVEL IN 2025 AND POTENTIALLY THROUGH 2026<br/>*FITCH: EXPECT SPIRIT TO GENERATE MODESTLY POSITIVE CASH FLOW FROM OPERATIONS IN 2026<br/>*FITCH: VIEWS SPIRIT AIRLINES' CAPACITY CONSTRAINT AS NECESSARY STEP TOWARDS IMPROVING PROFITABILITY, BUT TO ALSO CONTRIBUTE TO UNIT COST HEADWINDS<br/>*FITCH: EXPECTS SPIRIT AIRLINES' EFFICIENCY TO INCREASE IN 2026 AND BEYOND AS CO IS ABLE TO INCREASE UTILIZATION OF ITS A320 NEO FAMILY OF AIRCRAFT<br/><br/>  ((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))<br/>  Source Date/Time = 13-MAR-202518:20:17.997 GMT</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAVE","symbol_name":"Spirit Airlines","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250313:nRSD3xY0H6:1","article_id":"2519868770","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519868770","pubTimestamp":1741890972,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"March 13 (Reuters) - Fitch::*FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'*FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM*FITCH: BELIEVES SPIRIT","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SAVE":"Spirit Airlines"},"translate_title":"惠誉将精神航空升级至“CCC+”；将退出票据评级指定为“B-”/“RR3”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAVE":0.9},"content_text":"March 13 (Reuters) - Fitch::*FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'*FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM*FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026*FITCH: SEES SPIRIT'S LIQUIDITY PRESSURE COULD ARISE BEYOND 2025 IF CO'S PROJECTED PROFIT IMPROVEMENTS FAIL TO MATERIALIZE*FITCH: VIEWS SPIRIT AIRLINES' STRATEGIC SHIFT AS HAVING MERIT, BUT EXECUTION RISKS ARE HIGH*FITCH: EXPECTS SPIRIT AIRLINES TO GENERATE LOSSES AT EBIT LEVEL IN 2025 AND POTENTIALLY THROUGH 2026*FITCH: EXPECT SPIRIT TO GENERATE MODESTLY POSITIVE CASH FLOW FROM OPERATIONS IN 2026*FITCH: VIEWS SPIRIT AIRLINES' CAPACITY CONSTRAINT AS NECESSARY STEP TOWARDS IMPROVING PROFITABILITY, BUT TO ALSO CONTRIBUTE TO UNIT COST HEADWINDS*FITCH: EXPECTS SPIRIT AIRLINES' EFFICIENCY TO INCREASE IN 2026 AND BEYOND AS CO IS ABLE TO INCREASE UTILIZATION OF ITS A320 NEO FAMILY OF AIRCRAFT  ((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))  Source Date/Time = 13-MAR-202518:20:17.997 GMT","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}