Spirit published its annual report on Form 10-K for the fiscal year ended Dec. 31, 2025, reporting total operating revenues of USD 3.8 billion, down 22.7%, and passenger revenue of USD 3.72 billion, down 22.7%. For FY 2025, Spirit posted a net loss of USD 2.76 billion and an operating loss of USD 768.71 million. The company said the revenue decline was primarily driven by a 24.7% decrease in capacity and a 4 percentage point decrease in load factor, partially offset by a 7.7% increase in average yield. Spirit reported TRASM of 9.51 cents, up 2.6%, and Adjusted CASM ex-fuel of 9.24 cents, up 15.9%. Spirit said it ended FY 2025 with cash and cash equivalents of USD 273 million, down 69.7%, and management said there is substantial doubt about its ability to continue as a going concern as it operates under the 2025 Chapter 11 process and seeks to implement a proposed plan of reorganization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spirit Airlines Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-018265), on March 16, 2026, and is solely responsible for the information contained therein.