Spirt filed for Chapter 11 again
12-23-2025 | 11:32 AM
#661
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12-23-2025 | 11:42 AM
#662
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12-23-2025 | 11:48 AM
#663
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12-23-2025 | 12:02 PM
#666
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November monthly operating report published.
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
12-23-2025 | 12:11 PM
#667
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Your use of the word "we" is interesting, it's as if you're speaking for everyone. However, not everyone agrees with you. The only people who agree with you are the naysayers, local trolls and the gloom and doomers. Not everyone is as pessimistic as you are.
Last edited by FangsF15; 12-24-2025 at 11:45 AM. Reason: Remove pejorative
12-23-2025 | 12:36 PM
#668
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They were cash flow positive for the 2nd month in a row, they haven't drawn from the DIP and most of the losses in November were directly tied to their bankruptcy expenses. They are not burning cash! You forgot to add in the cash from the loyalty program aka Spirit Cayman. They have more money in the bank now than they did in October. Most people on this site prefer bad news, but this is good news.
Beginning cash: $847
Ending cash: $800
””Cash Flow Positive””
🤡🤡🤡
12-23-2025 | 02:11 PM
#670
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Your use of the word "we" is interesting, it's as if you're speaking for everyone. However, not everyone agrees with you. The only people who agree with you are the naysayers, local trolls and the gloom and doomers. Not everyone is as pessimistic as you are ACEHOLE.
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