Post by Seth Miller / Redsky

Seth Miller • Feed

Also, only three of the 23 planes Spirit planned to sell to GA Telesis were delivered prior to the bankruptcy filings. So that deal is dead and the company is once again shopping the aircraft around.

sep 1, 2025, 11:55 pm • 3 0

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Wrote up some more details on the new Spirit bankruptcy filing. Gonna be a tough slog to make this one work the way it wants. paxex.aero/spirit-retur... $FLYY

sep 2, 2025, 12:25 pm • 7 2 • view

Spirit's stock will be delisted, as expected, following the bankruptcy filing. $FLYY

On September 2, 2025, Spirit Aviation Holdings, Inc. (the “Company”) received a notice from the staff of NYSE Regulation (“NYSE Regulation”) that it had determined to commence proceedings to delist the common stock, par value $0.0001, of the Company (the “Common Stock”) from NYSE American LLC (“NYSE American”) and that trading in the Common Stock was suspended immediately on September 2, 2025. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Section 1003(c)(iii) of the NYSE American Company Guide after the Company disclosed in its August 29, 2025 Current Report on Form 8-K that the Company filed a voluntary petition for reorganization under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York (the “Chapter 11 Case”) on August 29, 2025. NYSE American will apply to the U.S. Securities and Exchange Commission to delist the Common Stock upon completion of applicable procedures. The Company does not intend to appeal the determination and, therefore, it is expected that the Common Stock will be delisted from NYSE American. As a result of the suspension and expected delisting, the Common Stock is expected to commence trading in the OTC market. The OTC market is a significantly more limited market than NYSE American, and quotation on the OTC market likely results in a less liquid market for existing and potential holders of the Common Stock to trade in the Common Stock and could further depress the trading price of the Common Stock. The Company can provide no assurance that its Common Stock will continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Common Stock on this market, or whether the trading volume of the Common Stock will be sufficient to provide for an efficient trading market. The transition to over-the-counter markets will not affect the Company’s business operation

sep 3, 2025, 12:30 pm • 4 0 • view

the level of hate for that airline is off the charts maybe somebody can make it work but good riddance and yes, i’ve sprinted across ft Lauderdale after a last minute spirit gate change

sep 3, 2025, 12:56 pm • 0 0 • view

Surely this is a death knell, right? You can’t shrink your way into profitability, especially not while the sharks are circling?

sep 2, 2025, 12:00 am • 0 0 • view

We talk about it a lot more on this week's @moredotsmorelines.com episode. I'm skeptical of shrinking to profitability, especially with more competition out there also trying to capture the point-to-point traffic. And the level of cuts they're talking about is significant.

sep 2, 2025, 12:05 am • 3 0 • view