Spirit Airlines is sending out an open letter to all Spirit guests

DENIA BEACHTear., 18 November 2024 /PRNewswire/ — Spirit Airlines, Inc . (“Spirit” or the “Company”) (NYSE: SAVE) has today issued the following open letter to all Spirit Guests:

We are writing to tell you about a proactive step Spirit has taken to position the company for success. Spirit has entered into an agreement with our bondholders that is expected to reduce our total debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments that provide enhanced guest travel experiences and greater value. Part of this financial restructuring includes filing a “pre-arranged” Chapter 11.

The most important thing to know is that you can continue to book and fly now and in the future. We would also like to assure you of:

• • You can use all tickets, credits and loyalty points as normal.
  • You can continue to benefit from our Free Spirit loyalty program, Saver$ Club perks and credit card terms.
  • Our amazing team members are here to offer you excellent service and a great experience.

We expect to complete this process in the first quarter of 2025 and appear even better positioned to deliver the best value in the sky. Other airlines operating successfully today have undertaken a similar process. For more information on our financial restructuring, please visit www.SpiritGoForward.com.

We are grateful that you continue to choose Spirit for your travel needs. As we head into the holiday season and beyond, we look forward to welcoming you back on board soon.

Additional information

Additional information about the Company’s Chapter 11 case, including access to legal filings and other documents related to the restructuring process, is available at or by calling Spirit’s restructuring information line at (888) 863-4889 (toll-free in the US) or +1 (971) 447-0326 (international). Further information is also available at www.SpiritGoForward.com.

About Spirit Airlines

Spirit Airlines (NYSE: SAVE) is a leading low-cost airline committed to delivering the best value in the air by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations everywhere USA, Latin America and that The Caribbean with its Fit Fleet®, one of the youngest and most fuel-efficient fleets in the U.S. Spirit is committed to inspiring positive change in the communities it serves through Spirit Charitable Foundation. Experience elevated travel options at exceptional value spirit.com.

Investor inquiries:
Spirit Investor Relations
(email protected)

Media Inquiries:
Spiritual Medium Relations
(email protected)

FGS Global
(email protected)

Cautionary Statement Regarding Forward-Looking Statements

This press release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”)”), which are subject to the “safe harbor” established by these sections.Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management except for statements of historical fact are “forward-looking statements” for the purposes of these provisions. In some cases, you can identify forward-looking statements by using expressions 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 , statement of Spirit’s expectations regarding functioning in the normal course, Chapter 11 process. 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 other things, risks associated with the bankruptcy process, including the Company’s ability to obtain court approval from the court with respect to petitions or other requests made to the court during Chapter 11, including with respect to the DIP; the effects of Chapter 11, including increased legal and other professional costs necessary to carry out the Company’s restructuring process, on the Company’s liquidity (including the availability of working capital during Chapter 11 disposal); the effects of Chapter 11 on the interests of various constituents and financial stakeholders; the length of time the company will operate under Chapter 11 protection and the continued availability of working capital during the Chapter 11 pendency; objections to the company’s restructuring process, DIP or other filings that may extend Chapter 11; risks associated with third-party moves in Chapter 11; Court decisions in Chapter 11 and the outcome of Chapter 11 generally; the company’s ability to comply with the restrictions imposed by the terms and conditions of the DIP and other financing arrangements; employee attrition and the Company’s ability to retain senior management and other key personnel due to distractions and uncertainties; risks associated with the potential delisting or suspension of trading of its common stock by the New York Stock Exchange, the impact of litigation and regulatory proceedings; 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 completed financial year 31 December 2023as supplemented in the company’s quarterly report on form 10-Q for the completed financial quarters 31 March 2024 and 30 June 2024. Furthermore, such forward-looking statements speak only as of the date of this release. 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 consider to be immaterial, or (iii) that may apply to any business may also have a material adverse effect on our business, financial position or future results. Additional information regarding certain factors is contained in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

SOURCE Spirit Airlines, Inc.

WANT YOUR BUSINESS NEWS ISSUED ON PRNEWSWIRE.COM?

440k+
News &
Influencers

9k+
Digital media
Outlets

270k+
Journalists
Registered