Aug 15 (Reuters) - Spirit Aviation Holdings Inc FLYY.A:
FITCH: DOWNGRADE REFLECTS HEIGHTENED POSSIBILITY THAT SPIRIT MAY BE UNABLE TO AVOID DEFAULT GIVEN ONGOING OPERATING LOSSES & DECLINING LIQUIDITY
FITCH: FAILURE TO RENEW CREDIT CARD PROCESSOR AGREEMENT OR UNFAVORABLE COLLATERAL REQUIREMENTS ARE RISKS TO SPIRIT'S ABILITY TO OPERATE
FITCH: BELIEVES THAT RISK OF LIQUIDATION IS ELEVATED SHOULD SPIRIT FILE FOR BANKRUPTCY
Source text: ID:nFIT4PzyMS
Further company coverage: FLYY.A
((Reuters.Briefs@thomsonreuters.com;))