Brief: Moody's Ratings Assigns A Caa1 CFR To Spirit Airlines Following Emergence From Bankruptcy; Outlook Stable
07/04/2025 18:27
April 7 (Reuters) - Moody's: MOODY'S RATINGS ASSIGNS A CAA1 CFR TO SPIRIT AIRLINES FOLLOWING EMERGENCE FROM BANKRUPTCY; OUTLOOK STABLE MOODY'S: OUTLOOKS FOR SPIRIT AND SPIRIT IP ARE STABLE MOODY'S: WEAKENING CONSUMER CONFIDENCE & REDUCED SPENDING FROM LOWER-INCOME DEMOGRAPHIC WILL BE HEADWINDS TO SPIRIT ACHIEVING ITS TURNAROUND PLAN MOODY'S ON SPIRIT AIRLINES: CAA1 CFR REFLECTS RISKS ASSOCIATED WITH CO'S PLAN TO AUGMENT ITS OPERATIONS BY INTRODUCING PREMIUM OFFERING MOODY'S: SPIRIT'S CREDIT METRICS WILL BE VERY WEAK IN 2025, BUT FREE CASH FLOW SHOULD BE NEAR BREAK-EVEN IN 2026 MOODY'S: SPIRIT CONTINUES TO FACE CHALLENGES RELATED TO AIRCRAFT ON GROUND DUE TO REQUIRED INSPECTIONS OF A320NEO FAMILY ENGINES Source text: ID:nMDY9dfJbS ((Reuters.Briefs@thomsonreuters.com;))