Spirit Airlines, Inc., now known as Spirit Airlines, LLC, is navigating through a significant restructuring process following its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code in November 2024. The bankruptcy proceedings are being handled in the United States Bankruptcy Court for the Southern District of New York. The airline's subsidiaries, collectively referred to as the Cayman Debtors, have also filed for Chapter 11 relief. The cases are being jointly administered for procedural purposes. Spirit Airlines has released its unaudited Monthly Operating Report $(MOR)$ for February 2025, prepared to comply with the reporting requirements of the Chapter 11 cases. The report adheres to U.S. GAAP but lacks the comprehensive details typically required for consolidating financial statements or SEC reporting. This restructuring effort aims to stabilize the airline's financial position, though the MOR indicates the report may be subject to revisions and does not ensure completeness.
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