Brief: Fitch Downgrades Spirit Airlines To 'Cc'

Spirit Airlines

15/11/2024 21:59

Nov 15 (Reuters) - Spirit Airlines Inc  SAVE.N :
    * FITCH DOWNGRADES SPIRIT AIRLINES TO 'CC'
    * FITCH ON SPIRIT AIRLINES: REFINANCING EFFORTS HAVE BEEN
HAMPERED
BY ONGOING OPERATING LOSSES AND CASH OUTFLOWS
    * FITCH ON SPIRIT AIRLINES: A NEAR-TERM DEFAULT NOW APPEARS
PROBABLE
    * FITCH ON SPIRIT AIRLINES: UNCERTAINTY ALSO DRIVES
COMPLEXITY
INTO NETWORK PLANNING AND HIRING DECISIONS FOR YEAR
    * FITCH: SPIRIT NOW FACES RISK THAT CUSTOMERS MAY OPT TO
BOOK AWAY
TOWARDS OTHER CARRIERS, FEARING POTENTIAL BANKRUPTCY,
ACCELERATING CO'S CASH BURN

Source text:  ID:nFITskgGQ 
Further company coverage:  SAVE.N 

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