Financial StrategySpirit Airlines’ recent actions, including aircraft deferrals, along with the carrier’s receipt of compensation for GTF-related aircraft groundings, could help the carrier to avoid near-term, worst-case financial scenarios.
Liquidity PositionSpirit mentioned that its expected end-of-year liquidity of $1.4B should include unrestricted cash & equivalents, short-term investments, revolving and other credit lines and the $70M breakup fee paid by JetBlue.
Network AdjustmentsSAVE spoke to ongoing adjustments to its network and schedules as the airline focuses on returning to profitability.