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

Reuters03-13

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

Source text: ID:nFITbV9ScS

Further company coverage: SAVEQ.PK

((Reuters.Briefs@thomsonreuters.com;))

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Assigns Exit Note Rating of 'B-'/'RR3'</title></head><body><p><span>March 13 (Reuters)</span><span> - </span>Fitch:</p><ul><li><p>FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'</p></li><li><p>FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM</p></li><li><p>FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026</p></li><li><p>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</p></li><li><p>FITCH: VIEWS SPIRIT AIRLINES' STRATEGIC SHIFT AS HAVING MERIT, BUT EXECUTION RISKS ARE HIGH</p></li><li><p>FITCH: EXPECTS SPIRIT AIRLINES TO GENERATE LOSSES AT EBIT LEVEL IN 2025 AND POTENTIALLY THROUGH 2026</p></li><li><p>FITCH: EXPECT SPIRIT TO GENERATE MODESTLY POSITIVE CASH FLOW FROM OPERATIONS IN 2026</p></li><li><p>FITCH: VIEWS SPIRIT AIRLINES' CAPACITY CONSTRAINT AS NECESSARY STEP TOWARDS IMPROVING PROFITABILITY, BUT TO ALSO CONTRIBUTE TO UNIT COST HEADWINDS</p></li><li><p>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</p></li></ul><p>Source text: <span>ID:nFITbV9ScS</span></p><p>Further company coverage: <span>SAVEQ.PK</span></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250313:nFWN3PW0U1:1","article_id":"2519868124","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519868124","pubTimestamp":1741890520,"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":"BRIEF-Fitch Upgrades Spirit Airlines to 'CCC+'; 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