From Investing.com: 2024-11-15 18:16:04

Fitch Ratings downgraded Spirit Airlines’ credit rating to ‘CC’, warning of probable near-term default. The Florida-based carrier is in talks with creditors and exploring strategic alternatives to improve liquidity. It faces customer flight to other airlines due to bankruptcy fears. Fitch expects a $600 million cash outflow in 2024. Spirit’s shrinking footprint includes selling aircraft and furloughing pilots. The airline also faces uncertainties with Pratt & Whitney engines.



Read more at Investing.com: Fitch downgrades Spirit Airlines’ long-term credit rating By Reuters