Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________

FORM 8-K

____________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 10, 2025

____________________________

Spirit Airlines, Inc.

(Exact name of registrant as specified in its charter)

____________________________

Delaware	001-35186	38-1747023
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

1731 Radiant Drive

Dania Beach, Florida 33004

(Address of principal executive offices, including zip code)

(954) 447-7920

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

Monthly Operating Report

As previously disclosed, on November 18, 2024, Spirit Airlines, Inc. (the “Company”), and subsequently on November 25, 2024, its subsidiaries (such subsidiaries, each a “Debtor,” collectively with the Company, the “Debtors”), filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The Debtors’ chapter 11 cases (the “Chapter 11 Cases”) are being jointly administered for procedural purposes only under case number 24-11988 (SHL). The Bankruptcy Court confirmed the Debtors’ proposed plan of reorganization (the “Plan”) on February 20, 2025.

On March 10, 2025, the Company filed its monthly operating reports for the months ended December 31, 2024 and January 31, 2025 (the “Monthly Operating Reports”) with the Bankruptcy Court. The Monthly Operating Reports are attached hereto as Exhibit 99.1 and Exhibit 99.2, and are incorporated herein by reference. This current report (including the exhibits hereto or any information included therein) shall not be deemed an admission as to the materiality of any information required to be disclosed solely by reason of Regulation FD.

Additional information about the Chapter 11 Cases, and copies of all documents publicly filed in the Chapter 11 Cases (including the Monthly Operating Reports), can be accessed free of charge at https://dm.epiq11.com/SpiritGoForward.

Cautionary Statement Regarding Financial and Operating Data

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Reports, which were not prepared for the purpose of providing the basis for an investment decision relating to any of the Debtors’ securities. In particular, the Plan contemplates that holders of the Company’s equity securities will receive no recovery of value from their investment. Each Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the reporting requirements applicable in the Chapter 11 Cases. The Monthly Operating Reports were not audited or reviewed by independent accountants, are in a format prescribed by applicable bankruptcy laws and regulations, and are subject to future adjustment and reconciliation. Therefore, the Monthly Operating Reports do not necessarily contain all information required in filings pursuant to the Exchange Act, or may present such information differently from such requirements. There can be no assurance that, from the perspective of an investor or potential investor in the Debtors’ securities, the Monthly Operating Reports are complete. The Monthly Operating Reports also contains information for periods which are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Reports should not be viewed as indicative of future results.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K (this “Current Report”) contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) which are subject to the “safe harbor” created by those sections. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. All statements other than statements of historical facts are “forward-looking statements” for purposes of these provisions. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “predict,” “potential,” and similar expressions intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, the Chapter 11 Cases. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements. Factors include, among others, the impact of the Debtors’ bankruptcy filings, the Company’s ability to refinance, extend or repay its near and intermediate term debt, the Company’s substantial level of indebtedness and interest rates, the potential impact of volatile and rising fuel prices and impairments, and other factors discussed in the Company's Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the SEC and other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Furthermore, such forward-looking statements speak only as of the date of this Current Report. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Risks or uncertainties (i) that are not currently known to us, (ii) that we currently deem to be immaterial, or (iii) that could apply to any company, could also materially adversely affect our business, financial condition, or future results.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Monthly Operating Report of Spirit Airlines, Inc. for the month ended December 31, 2024, filed with the United States Bankruptcy Court for the Southern District of New York.
99.2		Monthly Operating Report of Spirit Airlines, Inc. for the month ended January 31, 2025, filed with the United States Bankruptcy Court for the Southern District of New York.
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 11, 2025	SPIRIT AIRLINES, INC.


	By:	/s/ Thomas Canfield
	Name:	Thomas Canfield
	Title:	Senior Vice President and General Counsel

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

In re:

SPIRIT AIRLINES, INC., et al.,

Debtors.¹

Chapter 11

Case No. 24-11988 (SHL)

Jointly Administered

GLOBAL NOTES AND STATEMENT OF LIMITATION,
METHODOLOGY, AND DISCLAIMERS REGARDING
THE MONTHLY OPERATING REPORT FOR DECEMBER 2024

Spirit Airlines, Inc. and its subsidiaries (collectively, the “Debtors”), each of which is a Debtor in the above-captioned jointly administered chapter 11 cases (the “Chapter 11 Cases”) prepared the attached monthly operating report for December 2024 (together herewith and with all exhibits and schedules thereto, the “MOR”).

On November 18, 2024, Debtor Spirit Airlines, Inc. filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). On November 25, 2024, Spirit Airlines, Inc.’s subsidiaries (collectively, the “Cayman Debtors”) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court. The Debtors remain in possession of their property and continue to operate and manage their businesses as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. The Chapter 11 Cases are being jointly administered for procedural purposes only pursuant to Rule 1015(b) Federal Rules of Bankruptcy Procedure, as ordered by the Bankruptcy Court [ECF No. 121].

The following notes and statements and limitations pertain to, are incorporated by reference in, and comprise an integral part of, the MOR, and should be referred to and considered in connection with any review thereof.

Basis of Presentation. The Debtors prepared the MOR with the assistance of their advisors and professionals, and are filing it solely for purposes of complying with the reporting requirements applicable in the Chapter 11 Cases. There can be no assurance that such information is complete, and the MOR may be subject to revision.

This MOR is unaudited, limited in scope, and has not been prepared in accordance with federal or state securities laws or other applicable non-bankruptcy law or in lieu of complying with any periodic reporting requirements thereunder, but has been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) (except that the MOR does not include all information and footnotes required by U.S. GAAP).

¹ The Debtors’ names and last four digits of their respective employer identification numbers are as follows: Spirit Airlines, Inc. (7023); Spirit Finance Cayman 1 Ltd. (7020); Spirit Finance Cayman 2 Ltd. (7362); Spirit IP Cayman Ltd. (4732); and Spirit Loyalty Cayman Ltd. (4752). The Debtors’ mailing address is 1731 Radiant Drive, Dania Beach, FL 33004.

The Debtors and their agents, advisors, attorneys, and other professionals undertake no responsibility to indicate variations from securities laws, other laws, or generally accepted accounting principles herein, or for any evaluations of the Debtors based on this financial information or any other information. This information has not been subjected to audit procedures that would typically be applied to financial information presented in accordance with U.S. GAAP or any other recognized financial reporting framework, and upon application of such procedures, the presented financial information could be subject to material changes. The MOR is not intended to reconcile to any financial statements otherwise prepared or distributed by or for the Debtors. Each signatory to the MOR has necessarily relied upon the efforts, statements, advice, and representations of personnel of the Debtors and their agents, advisors, attorneys, and other professionals. Each signatory has not (and could not have) personally verified the accuracy of each such statement, representation, and answer contained in the MOR.

The financial information contained herein is presented per Spirit’s books and records without, among other things, all adjustments or reclassification that may be necessary or typical with respect to consolidating financial statements or SEC reporting purposes or in accordance with U.S. GAAP. The Debtors’ accounting systems, policies, and practices were developed to produce consolidated financial statements at the Spirit Airlines, Inc. reporting entity rather than financial statements at each individual legal entity. The Cayman Debtors do not have day-to-day business operations or physical presence and thus do not traditionally maintain books and records. Upon agreement reached with the United States Trustee for the Southern District of New York (the “U.S. Trustee”), the Cayman Debtors are to provide information for Part 1 and Part 7, with limited information on cash balances for Part 2 of the MOR form and provide no financial statement attachments at the entity-level. As such, intercompany balances, historical retained earnings, and equity balances for the Cayman Debtors are not reflected in the separate MORs for each of the Cayman Debtors as these were not historically maintained in the Debtors’ accounting system.

Reporting Period. Unless otherwise noted, the MOR reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period. Except as otherwise noted, no adjustments have been made to activity occurring after the close of the reporting period. The first MOR reporting period encompasses the reporting period from November 18, 2024, until the end of the month, November 30, 2024, with the exception of the Debtors’ Statement of Operations attachment and information provided in Part 4, both of which are provided on a full-month basis. The December MOR and all subsequent MOR reporting periods cover the full calendar month.

Disbursement Systems. Cash is received and disbursed by the Debtors in a manner consistent with the Debtors’ historical cash management practices, as described in the Motion of the Debtor for Entry of Interim and Final Orders (I) Authorizing (A) the Debtors to Maintain their Existing Cash Management System, Bank Accounts, and Business Forms, (B) the Debtors to Open and Close Bank Accounts, and (C) Financial Institutions to Administer the Bank Accounts and Honor and Process Related Checks and Transfers, (II) Waiving Deposit and Investment Requirements, and (III) Allowing Intercompany Transactions and Affording Administrative Expense Priority to Post-Petition Intercompany Claims [ECF No. 7].

Use of Information. The financial information disclosed herein was not prepared in accordance with federal or state securities laws or other applicable non-bankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. The MOR should not be used or relied upon for any other purpose, including for information relating to the Debtors’ current or future financial condition or performance or for purchasing, selling, or transferring the claims against or equity interest in the Debtors.

Payment of Prepetition Claims Pursuant to First Day Orders. Pursuant to certain “first day” orders entered by the Bankruptcy Court in the Chapter 11 Cases (collectively, the “First Day Orders”), the Debtors are authorized (but not directed) to pay or otherwise satisfy various prepetition claims, including those related to employees, lienholders, customer obligations, insurance, vendors, taxes and fees, trade, and intercompany transactions. To the extent any reportable payments were made on account of prepetition claims following commencement of these Chapter 11 Cases pursuant to a First Day Order, such payments have been included in the applicable reporting matrices or notices required per, and identified in, each respective final First Day Order.

Reservation of Rights. Although the Debtors and their advisors made reasonable efforts to ensure that the MOR is as accurate and complete as possible under the circumstances and based on information available at the time of preparation, inadvertent errors or omissions may have occurred. The Debtors hereby reserve all rights to dispute the nature, amount, validity, status, enforceability, or executory natures of any claim, agreement, representation, or other statement set forth in this MOR. Further, the Debtors reserve the right to amend or supplement the MOR in all respects, as they deem necessary or appropriate, but shall be under no obligation to do so. Nothing contained in this MOR shall constitute a waiver of the Debtors’ rights or an admission of any kind with respect to these Chapter 11 Cases or any claim of or against any Debtor.

Specific MOR Disclosures.

Notes to Part 1:

Cash balances, receipts, and disbursements reflect bank activity during the reporting period. Timing differences in recognition of certain transactions may create differences between bank balances presented in Part 1 and cash balances reported in the Balance Sheet attachment to the MOR.

Where applicable, the Debtors convert non-USD cash transactions to USD using applicable currency exchange rates. As a result, changes in currency exchange rates give rise to month-over-month fluctuations in cash balances which are reported in USD.

Intercompany receipts and disbursements are excluded from Parts 1(b) and 1(c), respectively. As such, the ending cash balances in Part 1 will not comport with the ending cash balances in the Debtors’ bank statements or the Debtors’ books and records. A reconciliation of end-of-month bank balances to the balances presented in Part 1 is provided in the attached Statement of Cash Receipts and Disbursements.

In December 2024, the Debtor received the $300.0 million debtor-in-possession (DIP) funding as ordered by the Bankruptcy Court in the final DIP order [ECF No. 257].

Notes to Part 2:

Part 2 balances for the Cayman Debtors only include the cash balances for total current assets and total assets. Historical intercompany asset and liabilities balances as well as historical equity balances are not provided. No other Part 2 balances are applicable to the Cayman Debtors.

Part 2(b) includes $15.9 million in VAT receivables and $21.4 million in fuel tax receivables expected to be collected or applied against future tax liabilities. Part 2(b) also includes $13.9 million other receivables such as benefit and insurance rebates, and airport tax receivable.

Balances reflected in Part 2(g) accrued due to changes to the Debtors’ accounts payable processes implemented upon the commencement of the Chapter 11 Cases, among other nonrecurring related issues. The total overdue post-petition amount of $3.5 million reflected in Part 2(g) includes approximately $1.3 million of payables posted during the holiday time frame, and paid off in the subsequent month.

Notes to Part 3:

On December 27, 2024, in accordance with prior orders of the Court [ECF Nos. 117, 255], the Company engaged in a transaction with the Bank of Utah as owner trustee, and with FP MSN 6672, LLC and FP MSN 6331, LLC, both on behalf of GA Telesis LLC. The Company sold two aircraft at gross sales price of $19.1 million and $23.7 million, respectively. The Company made payments of $6.8 million and $10.4 million to BNP Paribas incidental to the occurrence of the sales to clear the debt owed on the aircrafts.

Notes to Part 4:

Part 4(e) does not incorporate certain general and administrative expenses related to payroll, technology, or other expenses that would otherwise be considered as general and administrative expenses for purposes of MOR reporting. This is due to the setup of the Debtors’ accounting system—the Debtors do not separately classify expenses in their general ledger accounts between general and administrative expense financial statement line items.

Notes to Part 5:

Part 5(a) includes payments made to Epiq Corporate Restructuring LLC in its capacity as claims and noticing agent in these Chapter 11 Cases [ECF No. 50].

Part 5(c) includes payments made to professionals of various creditor constituencies in the Chapter 11 Cases (including in accordance with the Bankruptcy Court’s final DIP order [ECF No. 257]).

Notes to Part 6:

None

Notes to Part 7:

For Part 7(a), pursuant to the relief granted via the First Day Orders, the Debtors made payments on account of certain prepetition debts as they come due in the ordinary course of business. Where required, details of these payments have been delivered to the required notice parties pursuant to the reporting requirements contained within the final First Day Orders.

For purposes of Part 7(c), the Debtors included information with respect to the individuals that the Debtors believes may be included in the definition of “insider” set forth in section 101(31) of the Bankruptcy Code during the reporting period. Such individuals may no longer serve in such capacities. Persons listed as “insiders” have been included for informational purposes only and their inclusion shall not constitute an admission that those entities or persons are insiders for purposes of section 101(31) of the Bankruptcy Code. The listing of a person as an insider for purposes of the MOR is not intended to be, nor should it be, construed as an admission of any fact, right, claim, or defense and all such rights, claims, and defenses are hereby expressly reserved. Information regarding the individuals listed as insiders in the MOR has been included for informational purposes only and such information may not be used for any purpose, including to determine (a) control of any Debtor, (b) the extent to which any individual exercised management responsibilities or functions, (c) corporate decision-making authority over any Debtor, or (d) whether such individual could successfully argue that he or she is not an insider under applicable law, including the Bankruptcy Code and federal securities laws, or with respect to any theories of liability. Where Part 7(c) is indicated as “Yes,” such persons were confirmed to have received employee compensation payments in the ordinary course of business.

***

In Re. Spirit Airlines, Inc. Debtor(s) † † † † Case No. 24 - 11988 Lead Case No. 24 - 11988 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 12/31/2024 Petition Date: 11/18/2024 Months Pending: 1 1 1 8 4 Industry Classification: Reporting Method: Accrual Basis Cash Basis Debtor's Full - Time Employees (current): 7,319 Debtor's Full - Time Employees (as of date of order for relief): 7,384 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non - consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Printed Name of Responsible Party Date /S/ Moshe Melcer Signature of Responsible Party 03/10/2025 Moshe Melcer 1 UST Form 11 - MOR (12/01/2021) 450 Lexington Ave New York, NY 10017 Address STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. † 1320.4(a)(2) applies. UNITED STATES BANKRUPTCY COURT Southern DISTRICT OF New York

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 1: Cash Receipts and Disbursements Current Month Cumulative $885,073,560 $811,651,701 $1,025,153,185 $556,951,217 $760,592,588 $1,139,774,044 $0 $556,951,217 $0 a. Cash balance beginning of month b. Total receipts (net of transfers between accounts) c. Total disbursements (net of transfers between accounts) d. Cash balance end of month (a+b - c) e. Disbursements made by third party for the benefit of the estate f. Total disbursements for quarterly fee calculation (c+e) $760,592,588 Current Month Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) $178,859,359 $58,866,346 (attach explanation)) $0 $2,109,122,053 $9,595,177,511 $879,725,850 $3,532,044 $113,435,327 $0 $993,161,177 $2,866,723,838 $8,217,239 $5,807,209,105 $9,675,311,359 a. Accounts receivable (total net of allowance) b. Accounts receivable over 90 days outstanding (net of allowance) c. d e. f. g. h. i. j. k. l. m. n. o. Inventory ( Book Marke t Other Total current assets Total assets Postpetition payables (excluding taxes) Postpetition payables past due (excluding taxes) Postpetition taxes payable Postpetition taxes past due Total postpetition debt (f+h) Prepetition secured debt Prepetition priority debt Prepetition unsecured debt Total liabilities (debt) (j+k+l+m) Ending equity/net worth (e - n) $ - 80,133,849 Part 3: Assets Sold or Transferred Current Month Cumulative $42,828,451 $42,828,451 $17,185,447 $17,185,447 c. a. Total cash sales price for assets sold/transferred outside the ordinary course of business b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business Net cash proceeds from assets sold/transferred outside the ordinary course of business (a - b) $25,643,004 $25,643,004 Cumulative Current Month Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) $460,869,323 a. Gross income/sales (net of returns and allowances) $329,996,354 b. Cost of goods sold (inclusive of depreciation, if applicable) $130,872,969 c. Gross profit (a - b) $15,892,232 d. Selling expenses $15,400,965 e. General and administrative expenses $54,751,790 f. Other expenses $23,961,450 g. Depreciation and/or amortization (not included in 4b) $12,762,801 h. Interest $13,947,215 i. Taxes (local, state, and federal) $87,612,645 j. Reorganization items $ - 409,854,637 $ - 93,456,128 k. Profit (loss) 2 UST Form 11 - MOR (12/01/2021)

3 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 5: Professional Fees and Expenses Paid Cumulative Paid Current Month Approved Cumulative Approved Current Month a. $161,330 $161,330 $161,330 $161,330 Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Role Firm Name $161,330 $161,330 $161,330 $161,330 Other Epiq Systems Acquisition, Inc. i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi

4 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii

6 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi

7 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 xcix c $5,843,262 $5,843,262 $5,843,262 $5,843,262 c. All professional fees and expenses (debtor & committees) Part 6: Postpetition Taxes Current Month Cumulative $6,158,640 $6,158,640 a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $1,371,685 $1,371,685 c. Postpetition employer payroll taxes accrued $6,878,956 $4,650,199 d. Postpetition employer payroll taxes paid $3,370,403 $2,646,344 e. Postpetition property taxes paid $105,585,894 $105,585,894 f. Postpetition other taxes accrued (local, state, and federal) $59,848,417 $59,306,124 g. Postpetition other taxes paid (local, state, and federal) Part 7: Questionnaire - During this reporting period: Yes Yes No No Yes Yes Yes Yes Yes No No No No No h. a. Were any payments made on prepetition debt? (if yes, see Instructions) b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Were any payments made to or on behalf of insiders? d. Are you current on postpetition tax return filings? e. Are you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: N/A (if no, see Instructions) N/A (if no, see Instructions) Worker's compensation insurance? If yes, are your premiums current? Casualty/property insurance? If yes, are your premiums current? General liability insurance? If yes, are your premiums current? N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? k. Has a disclosure statement been filed with the court? l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. † 1930 ? Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No 8 UST Form 11 - MOR (12/01/2021)

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 8: Individual Chapter 11 Debtors (Only) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Ye s No Ye s N o N/A a. Gross income (receipts) from salary and wages b. Gross income (receipts) from self - employment c. Gross income from all other sources d. Total income in the reporting period (a+b+c) e. Payroll deductions f. Self - employment related expenses g. Living expenses h. All other expenses i. Total expenses in the reporting period (e+f+g+h) j. Difference between total income and total expenses (d - i) k. List the total amount of all postpetition debts that are past due l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C † 101(14A)? m. If yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. † 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. †† 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. † 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST - 001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. † 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /S/ Fred Cromer Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/10/2025 Date Title Fred Cromer 9 UST Form 11 - MOR (12/01/2021)

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Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 11 UST Form 11 - MOR (12/01/2021)

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 PageFour PageThree 12 UST Form 11 - MOR (12/01/2021)

United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 December 2024 Cash Activity $ in USD Combined Debtor Spirit Airlines, Inc. Spirit Finance Spirit Finance Spirit IP Cayman Ltd. Spirit Loyalty Cayman Ending Cash/Restricted Cash Balance Adjusted $ 1,190,315,135 $ 1,145,082,912 $ - $ - $ 45,224,6 1 4 7,609 $ Ltd. 24 - 12041 24 - 12040 Cayman 2 Ltd. 24 - 12039 Cayman 1 Ltd. 24 - 12038 24 - 11988 Entities In US $ Unless Otherwise Indicated 43,888,0 0 4 18 - - 885,073,560 928,961,583 Beginning Cash/Restricted Cash Bank Balance (12/1) 6,838,429 7,609 - - 811,651,701 818,497,739 Receipts from third party - - - - 556,951,217 556,951,217 Disbursements to third party $ 50,726,433 7,627 - $ - $ $ $ 1,139,774,0 4 4 $ 1,190,508,105 End Cash/Restrict Cash, net of intercompany activity (5,501,820) (18) - - 5,501,838 - Intercompany activities Intercompany receipts (disbursements) $ 45,224,6 1 4 7,609 - $ - $ $ $ 1,145,275,882 $ 1,190,508,105 Ending Cash/Restricted Cash Bank Balance (12/31) - - - - (192,970) (192,970) Currency translation and other outstanding items

United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 December 2024 Balance Sheet $ in USD Spirit Airlines, Inc. Total for Period Ended 12/31/2024 Cash and cash equivalents Restricted cash Short - term investment securities Accounts receivable, net Income tax receivable Prepaid expenses and other current assets 902,056,824 168,390,098 118,333,761 178,859,359 95,889 741,386,122 $ Total current assets Flight equipment Ground property and equipment Less accumulated depreciation Operating lease right - of - use assets Pre - delivery deposits on flight equipment Deferred heavy maintenance, net Other long - term assets 2,109,122,053 2,736,461,408 784,195,446 (1,027,872,607) 4,583,734,021 113,492,571 241,093,747 54,950,871 Total non - current assets 7,486,055,457 $ Total assets 9,595,177,511 $ Accounts payable Air traffic liability Current maturities of long - term debt, net, and finance leases Current maturities of operating leases Other current liabilities 32,385,157 436,813,169 436,532,086 257,795,897 605,838,489 Total current liabilities 1,769,364,798 $ 1,761,214,681 4,335,105,681 51,926,746 122,595,456 Long - term debt and finance leases, less current maturities operating leases, less current maturities Deferred income taxes Deferred gains and other long - term liabilities Liability subject to compromise 1,635,104,000 Total non - current liabilities 7,905,946,563 $ Total liabilities 9,675,311,361 $ Net assets (80,133,851) $ Common stock Additional paid - in - capital Treasury stock Retained earnings Accumulated other comprehensive income (loss) 10,900 1,173,691,962 (81,285,357) (1,172,739,281) 187,925 Total equity (80,133,851) $

United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 Income Statement 12/1/2024 - 12/31/2024 $ in USD Spirit Airlines, Inc. Month Ended 12/31/2024 452,782,281 Passenger 8,087,041 Other $ 460,869,323 Total operating revenues 98,076,646 Aircraft fuel 143,252,554 Salaries, wages and benefits 18,984,953 Landing fees and other rents 51,024,404 Aircraft rent 23,961,450 Depreciation and amortization 18,657,797 Maintenance, materials and repairs 15,892,232 Distribution 15,400,965 General and administrative 75,000 Special charges (credits) (4,224,309) Loss on disposal of assets 49,724,999 Other operating $ 430,826,691 Total operating expenses $ 30,042,632 Operating income (loss) 17,540,946 Interest expense 58,816 Loss (gain) on extinguishment of debt (456,063) Capitalized interest (4,322,083) Interest income 87,612,645 Reorganization Items 9,117,284 Other (income) expense 109,551,545 Total other (income) expense 13,947,215 Provision (benefit) for income taxes (93,456,128) Net income (loss)

Exhibit 99.2

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

In re:

SPIRIT AIRLINES, INC., et al.,

Debtors.¹

Chapter 11

Case No. 24-11988 (SHL)

Jointly Administered

GLOBAL NOTES AND STATEMENT OF LIMITATION,
METHODOLOGY, AND DISCLAIMERS REGARDING
THE MONTHLY OPERATING REPORT FOR JANUARY 2025

Spirit Airlines, Inc. and its subsidiaries (collectively, the “Debtors”), each of which is a Debtor in the above-captioned jointly administered chapter 11 cases (the “Chapter 11 Cases”) prepared the attached monthly operating report for January 2025 (together herewith and with all exhibits and schedules thereto, the “MOR”).

Specific MOR Disclosures.

Notes to Part 1:

In December 2024, the Debtor received the $300.0 million debtor-in-possession (DIP) funding as ordered by the Bankruptcy Court in the final DIP order [ECF No. 257]

Notes to Part 2:

Balances reflected in Part 2(g) accrued due to changes to the Debtors’ accounts payable processes implemented upon the commencement of the Chapter 11 Cases, among other nonrecurring related issues. The total overdue post-petition amount of $3.4 million reflected in Part 2(g) includes approximately $300,000 paid in the first week of the succeeding month.

Notes to Part 3:

None

Notes to Part 4:

Notes to Part 5:

Part 5(a) includes payments made to Epiq Corporate Restructuring LLC in its capacity as claims and noticing agent in these Chapter 11 Cases [ECF No. 50].

Part 5(b) reflects payments made in accordance with the Bankruptcy Court’s Order Authorizing the Retention and Compensation of Professionals Utilized in the Ordinary Course of Business [ECF No. 266].

Part 5(c) includes payments made to professionals of various creditor constituencies in the Chapter 11 Cases (including in accordance with the Bankruptcy Court’s final DIP order [ECF No. 257]).

Notes to Part 6:

None

Notes to Part 7:

***

In Re. Spirit Airlines, Inc. Debtor(s) † † † † Case No. 24 - 11988 Lead Case No. 24 - 11988 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 01/31/2025 Petition Date: 11/18/2024 Months Pending: 2 1 1 8 4 Industry Classification: Reporting Method: Accrual Basis Cash Basis Debtor's Full - Time Employees (current): 7,375 Debtor's Full - Time Employees (as of date of order for relief): 7,384 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non - consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Printed Name of Responsible Party Date /S/ Moshe Melcer Signature of Responsible Party 03/10/2025 Moshe Melcer 1 UST Form 11 - MOR (12/01/2021) 450 Lexington Ave New York, NY 10017 Address STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. † 1320.4(a)(2) applies. UNITED STATES BANKRUPTCY COURT Southern DISTRICT OF New York

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 1: Cash Receipts and Disbursements Current Month Cumulative $1,145,082,912 $407,809,931 $1,432,963,116 $532,070,707 $1,292,663,295 $1,020,822,136 $0 $532,070,707 $0 a. Cash balance beginning of month b. Total receipts (net of transfers between accounts) c. Total disbursements (net of transfers between accounts) d. Cash balance end of month (a+b - c) e. Disbursements made by third party for the benefit of the estate f. Total disbursements for quarterly fee calculation (c+e) $1,292,663,295 Current Month Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) $195,635,881 $59,802,710 (attach explanation)) $0 $1,991,553,146 $9,450,441,637 $1,071,377,944 $3,406,438 $104,876,830 $0 $1,176,254,774 $1,761,513,997 $8,217,239 $6,722,351,668 $9,668,337,678 a. Accounts receivable (total net of allowance) b. Accounts receivable over 90 days outstanding (net of allowance) c. d e. f. g. h. i. j. k. l. m. n. o. Inventory ( Book Market Other Total current assets Total assets Postpetition payables (excluding taxes) Postpetition payables past due (excluding taxes) Postpetition taxes payable Postpetition taxes past due Total postpetition debt (f+h) Prepetition secured debt Prepetition priority debt Prepetition unsecured debt Total liabilities (debt) (j+k+l+m) Ending equity/net worth (e - n) $ - 217,896,041 Part 3: Assets Sold or Transferred Current Month Cumulative $0 $42,828,451 $0 $17,185,447 c. a. Total cash sales price for assets sold/transferred outside the ordinary course of business b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business Net cash proceeds from assets sold/transferred outside the ordinary course of business (a - b) $0 $25,643,004 Cumulative Current Month Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) $347,408,143 a. Gross income/sales (net of returns and allowances) $346,125,429 b. Cost of goods sold (inclusive of depreciation, if applicable) $1,282,714 c. Gross profit (a - b) $18,459,705 d. Selling expenses $34,719,132 e. General and administrative expenses $34,135,856 f. Other expenses $21,681,398 g. Depreciation and/or amortization (not included in 4b) $21,094,022 h. Interest $ - 7,494,104 i. Taxes (local, state, and federal) $17,039,644 j. Reorganization items $ - 548,207,576 $ - 138,352,939 k. Profit (loss) 2 UST Form 11 - MOR (12/01/2021)

3 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 5: Professional Fees and Expenses Paid Cumulative Paid Current Month Approved Cumulative Approved Current Month a. $645,834 $484,504 $645,834 $484,504 Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Role Firm Name $645,834 $484,504 $645,834 $484,504 Other Epiq Systems Acquisition, Inc. i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi

5 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Paid Cumulative Paid Current Month Approved Cumulative Approved Current Month b. $929,893 $929,893 $929,893 $929,893 Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Role Firm Name $326,915 $326,915 $326,915 $326,915 Other Kirstein & Young, PLLC i $207,869 $207,869 $207,869 $207,869 Other Walkers ii $127,011 $127,011 $127,011 $127,011 Other Littler Mendelson iii $47,868 $47,868 $47,868 $47,868 Other Smith Gambrell & Russell, LLP iv $39,429 $39,429 $39,429 $39,429 Other Paul, Weiss, Rifkind, Wharton v $32,593 $32,593 $32,593 $32,593 Other Ford & Harrison, LLP vi $30,794 $30,794 $30,794 $30,794 Other Estudio Spingarn & Marks, S.A vii $25,310 $25,310 $25,310 $25,310 Other Clark Hill, PLC. viii $24,098 $24,098 $24,098 $24,098 Other Jose Lloreda Camacho ix $22,131 $22,131 $22,131 $22,131 Other The Foont Law Firm, LLC. x $19,698 $19,698 $19,698 $19,698 Other Frank Weinberg & Black, PL. xi $9,438 $9,438 $9,438 $9,438 Other Abogados Sierra xii $6,119 $6,119 $6,119 $6,119 Other Wilmer Cutler Pickering Hale a xiii $4,590 $4,590 $4,590 $4,590 Other Studio Legal Sonia Cabrera xiv

6 UST Form 11 - MOR (12/01/2021) Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 $3,005 $3,005 $3,005 $3,005 Other Greenberg Traurig, LLP xv $2,010 $2,010 $2,010 $2,010 Other Alejandro Franco, PA. xvi $1,012 $1,012 $1,012 $1,012 Other Kelley Kronenberg xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 xcix c $8,698,450 $2,855,188 $8,698,450 $2,855,188 c. All professional fees and expenses (debtor & committees) Part 6: Postpetition Taxes Current Month Cumulative $599,620 $599,620 a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $1,401,230 $29,545 c. Postpetition employer payroll taxes accrued $15,841,971 $8,963,015 d. Postpetition employer payroll taxes paid $5,015,056 $1,644,653 e. Postpetition property taxes paid $209,492,400 $103,906,506 f. Postpetition other taxes accrued (local, state, and federal) $168,981,092 $109,132,675 g. Postpetition other taxes paid (local, state, and federal) Part 7: Questionnaire - During this reporting period: Yes Yes No No Yes Yes Yes Yes Yes No No No No No h. a. Were any payments made on prepetition debt? (if yes, see Instructions) b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Were any payments made to or on behalf of insiders? d. Are you current on postpetition tax return filings? e. Are you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: N/A (if no, see Instructions) N/A (if no, see Instructions) Worker's compensation insurance? If yes, are your premiums current? Casualty/property insurance? If yes, are your premiums current? General liability insurance? If yes, are your premiums current? N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? k. Has a disclosure statement been filed with the court? l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. † 1930 ? Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No 8 UST Form 11 - MOR (12/01/2021)

Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Part 8: Individual Chapter 11 Debtors (Only) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Yes No Yes No N/A a. Gross income (receipts) from salary and wages b. Gross income (receipts) from self - employment c. Gross income from all other sources d. Total income in the reporting period (a+b+c) e. Payroll deductions f. Self - employment related expenses g. Living expenses h. All other expenses i. Total expenses in the reporting period (e+f+g+h) j. Difference between total income and total expenses (d - i) k. List the total amount of all postpetition debts that are past due l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C † 101(14A)? m. If yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. † 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. †† 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. † 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or fore ign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST - 001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. † 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /S/ Fred Cromer Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/10/2025 Date Title Fred Cromer 9 UST Form 11 - MOR (12/01/2021)

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Debtor's Name Spirit Airlines, Inc. Case No. 24 - 11988 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 11 UST Form 11 - MOR (12/01/2021)

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United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 January 2025 Cash Activity $ in USD Combined Debtor Entities Spirit Airlines, Inc. Spirit Finance Cayman 1 Ltd. Spirit Finance Cayman 2 Ltd. Spirit IP Cayman Ltd. Spirit Loyalty Cayman Ltd. In US $ Unless Otherwise Indicated 24 - 11988 24 - 12038 24 - 12039 24 - 12040 24 - 12041 320,087 320,087 - - - - Currency translation and funds in transit Ending Cash/Restricted Cash Balance Adjusted $ 1,049,671,7 4 4 $ 1,017,498,333 $ - $ - $ 32,173,398 12 $ 45,224,614 7,609 - - 1,145,082,912 1,190,315,135 Beginning Cash/Restricted Cash Bank Balance (1/1) 7,034,286 - - 12 407,809,931 414,844,230 Receipts from third party 22,215,000.00 - - - 532,070,707 554,285,707 Disbursements to third party $ 30,043,900 7,621 - $ - $ $ $ 1,020,822,136 $ 1,050,873,657 End Cash/Restrict Cash, net of intercompany activity 2,129,499 (7,609) - - (3,643,890) (1,522,000) Intercompany activities Intercompany receipts (disbursements) $ 32,173,398 12 - $ - $ $ $ 1,017,178,246 $ 1,049,351,657 Ending Cash/Restricted Cash Bank Balance (1/31)

United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 January 2025 Balance Sheet $ in USD Spirit Airlines, Inc. Total for Period Ended 1/31/2025 Cash and cash equivalents Restricted cash Short - term investment securities Accounts receivable, net Income tax receivable Prepaid expenses and other current assets 773,750,648 155,028,267 118,752,548 195,635,881 95,889 748,289,913 $ Total current assets Flight equipment Ground property and equipment Less accumulated depreciation Operating lease right - of - use assets Pre - delivery deposits on flight equipment Deferred heavy maintenance, net Other long - term assets 1,991,553,146 2,737,083,347 786,217,509 (1,040,865,853) 4,562,655,532 114,875,927 240,417,477 58,504,552 Total non - current assets 7,458,888,491 $ Total assets 9,450,441,637 $ 38,382,828 452,683,486 309,516,573 - Accounts payable Air traffic liability Current maturities of long - term debt, net, and finance leases Current maturities of operating leases Other current liabilities 601,572,378 Total current liabilities 1,402,155,265 $ 1,890,707,929 4,571,710,267 44,432,641 124,227,576 Long - term debt and finance leases, less current maturities operating leases, less current maturities Deferred income taxes Deferred gains and other long - term liabilities Liability subject to compromise 1,635,104,000 Total non - current liabilities 8,266,182,413 $ Total liabilities 9,668,337,678 $ Net assets (217,896,040) $ Common stock Additional paid - in - capital Treasury stock Retained earnings Accumulated other comprehensive income (loss) 10,900 1,174,313,551 (81,285,357) (1,311,092,220) 157,086 Total equity (217,896,040) $

United States Bankruptcy Court Southern District of New York In re: Spirit Airlines, Inc. Case No: 24 - 11988 Income Statement 1/1/2025 - 1/31/2025 $ in USD Spirit Airlines, Inc. Month Ended 1/31/2025 340,918,403 Passenger 6,489,740 Other $ 460,869,323 Total operating revenues 98,361,042 Aircraft fuel 138,381,056 Salaries, wages and benefits 38,587,758 Landing fees and other rents 52,202,682 Aircraft rent 21,681,398 Depreciation and amortization 18,592,891 Maintenance, materials and repairs 18,459,705 Distribution 34,719,132 General and administrative - Special charges (credits) 305,711 Loss on disposal of assets 33,206,403 Other operating $ 454,497,778 Total operating expenses $ (107,089,635) Operating income (loss) 26,062,745 Interest expense (86,985) Loss (gain) on extinguishment of debt (677,633) Capitalized interest (4,291,089) Interest income 17,039,644 Reorganization Items 710,728 Other (income) expense 38,757,409 Total other (income) expense (7,494,104) Provision (benefit) for income taxes (138,352,939) Net income (loss)

Cover	Mar. 10, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Mar. 10, 2025
Entity File Number	001-35186
Entity Registrant Name	Spirit Airlines, Inc.
Entity Central Index Key	0001498710
Entity Tax Identification Number	38-1747023
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1731 Radiant Drive
Entity Address, City or Town	Dania Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33004
City Area Code	954
Local Phone Number	447-7920
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false