Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > Spirit
SPIRIT to relist on NYSE as FLYY >

SPIRIT to relist on NYSE as FLYY

Search

Notices

SPIRIT to relist on NYSE as FLYY

Thread Tools
 
Search this Thread
 
Old 04-24-2025 | 12:50 PM
  #1  
Thread Starter
Line Holder
 
Joined: Mar 2020
Posts: 302
Likes: 8
Default SPIRIT to relist on NYSE as FLYY

Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, has announced its approval for listing on the NYSE American stock exchange. The airline’s common stock will start trading on April 29, 2025, under the ticker symbol FLYY.

here we go! Do we see a rebranding in our future? Were they waiting on the right CEO to navigate through this relisting process?? Interesting times for sure!!



https://www.investing.com/news/%20co...y-93CH-4001616
Reply
Old 04-24-2025 | 02:36 PM
  #2  
On Reserve
 
Joined: May 2022
Posts: 29
Likes: 0
Default

Originally Posted by Born2FlyAv8R
Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, has announced its approval for listing on the NYSE American stock exchange. The airline’s common stock will start trading on April 29, 2025, under the ticker symbol FLYY.

here we go! Do we see a rebranding in our future? Were they waiting on the right CEO to navigate through this relisting process?? Interesting times for sure!!



https://www.investing.com/news/%20co...y-93CH-4001616


At least now we will know if they are making profit or not!
Reply
Old 04-24-2025 | 03:39 PM
  #3  
Line Holder
 
Joined: Sep 2020
Posts: 1,553
Likes: 331
Default

Originally Posted by Born2FlyAv8R
Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, has announced its approval for listing on the NYSE American stock exchange. The airline’s common stock will start trading on April 29, 2025, under the ticker symbol FLYY.

here we go! Do we see a rebranding in our future? Were they waiting on the right CEO to navigate through this relisting process?? Interesting times for sure!!



https://www.investing.com/news/%20co...y-93CH-4001616

The new CEO has nothing to do with the "relisting process". Its actually a super easy process compared to an IPO. They just have to file an 8K. They likely have to file a 10Q for 1st quarter earnings, but they have until May 15th to submit it. There are no public filings on the SEC website yet. They will be posted there first.

Interesting that its not an IPO filing, meaning they are not trying to raise any money. This is only to exit their positions.

The next few months will be interesting. Good luck to everyone.
Reply
Old 04-24-2025 | 03:41 PM
  #4  
Line Holder
 
Joined: Jun 2006
Posts: 1,600
Likes: 33
Default

Originally Posted by gppilot
At least now we will know if they are making profit or not!
Im going with…..not. What has really changed?
Reply
Old 04-24-2025 | 04:10 PM
  #5  
Tranquility's Avatar
Line Holder
 
Joined: Sep 2014
Posts: 1,690
Likes: 20
From: 60’s Tech, Right
Default

Originally Posted by putzin
Im going with…..not. What has really changed?
Ted Christie got the boot! Likely did not change anything related to the business, but count your blessings….
He was hands down the WORST CEO we’ve had. Time for #4…
Reply
Old 04-24-2025 | 05:20 PM
  #6  
gonyon's Avatar
Line Holder
 
Joined: Oct 2010
Posts: 1,499
Likes: 0
Default

Originally Posted by FriendlyPilot
The new CEO has nothing to do with the "relisting process". Its actually a super easy process compared to an IPO. They just have to file an 8K. They likely have to file a 10Q for 1st quarter earnings, but they have until May 15th to submit it. There are no public filings on the SEC website yet. They will be posted there first.

Interesting that its not an IPO filing, meaning they are not trying to raise any money. This is only to exit their positions.

The next few months will be interesting. Good luck to everyone.
maybe setting it up for a quick acquisition?
Reply
Old 04-24-2025 | 06:12 PM
  #7  
Line Holder
 
Joined: Sep 2020
Posts: 1,553
Likes: 331
Default

Originally Posted by gonyon
maybe setting it up for a quick acquisition?
Would have been easier with no outside shareholders. This is likely to see how many of their shares they can sell on the open market before they have to report earnings publicly.

PanAm was relisted for a short time after they exited bankrupty as well as creditors sold off some shares to speculators.

I would be trying to raise equity with an IPO. But they would have to publish financial information, which they seem hesitant to do.
Reply
Old 04-24-2025 | 06:13 PM
  #8  
Line Holder
 
Joined: Jun 2006
Posts: 1,600
Likes: 33
Default

Originally Posted by Tranquility
Ted Christie got the boot! Likely did not change anything related to the business, but count your blessings….
He was hands down the WORST CEO we’ve had. Time for #4…
Most of the “blessings” have already been leveraged so I’m finding it hard to count anything. Dave needs to work his mojo fast!

Last edited by putzin; 04-24-2025 at 06:25 PM.
Reply
Old 04-24-2025 | 06:39 PM
  #9  
Line Holder
 
Joined: Jun 2006
Posts: 1,600
Likes: 33
Default

Originally Posted by FriendlyPilot
The new CEO has nothing to do with the "relisting process". Its actually a super easy process compared to an IPO. They just have to file an 8K. They likely have to file a 10Q for 1st quarter earnings, but they have until May 15th to submit it. There are no public filings on the SEC website yet. They will be posted there first.

Interesting that its not an IPO filing, meaning they are not trying to raise any money. This is only to exit their positions.

The next few months will be interesting. Good luck to everyone.
Do you think relisting can get them anywhere close to the hundreds of millions they gave up for a share of the business? I mean who is going to buy this sh-t stock? Well, besides speculating pilots.

Why it is happening so fast is perplexing. It honestly seems like more of a quick exit than anything.
Reply
Old 04-24-2025 | 07:15 PM
  #10  
On Reserve
 
Joined: May 2022
Posts: 29
Likes: 0
Default

Originally Posted by putzin
Im going with…..not. What has really changed?
If it's a private company not listed on the stock market there is no quarterly report. So the company can say what they want if they're profitable or not. Since we are now going to be a public company then they have to post the spreadsheets on exactly how much we are making... its all about transparency.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
MtnPeakCruiser
Frontier
129
07-26-2022 10:49 AM
Titan08
Spirit
1935
07-02-2022 09:37 AM
docav8tor
Major
208
02-24-2022 10:03 AM
TrojanCMH
Spirit
16
04-01-2020 08:50 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices