We’re writing to let you recognize a couple of proactive step Spirit has taken to place the corporate for fulfillment. Spirit has entered into an settlement with our bondholders that’s anticipated to scale back our complete debt, present elevated monetary flexibility, place Spirit for long-term success and speed up investments offering Company with enhanced journey experiences and higher worth. A part of this monetary restructuring contains submitting a “prearranged” chapter 11. Â Â
A very powerful factor to know is which you could proceed to e-book and fly now and sooner or later. Â We additionally wish to guarantee you: Â Â Â Â
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- You should utilize all tickets, credit and loyalty factors as regular.
- You possibly can proceed to learn from our Free Spirit loyalty program, Saver$ Membership perks and bank card phrases.
- Our wonderful Group Members are right here to give you wonderful service and an elevated expertise.
We anticipate to finish this course of within the first quarter of 2025 and emerge even higher positioned to ship the very best worth within the sky. Different airways which can be working efficiently in the present day have undertaken an identical course of. For extra details about our monetary restructuring, please go to www.SpiritGoForward.com. Â Â Â
We’re grateful you proceed to decide on Spirit on your journey wants. As we head into the vacation season and past, we look ahead to welcoming you on board once more quickly. Â Â
Extra Data Â
Extra details about the Firm’s chapter 11 case, together with entry to Court docket filings and different paperwork associated to the restructuring course of, is accessible at https://dm.epiq11.com/SpiritGoForward or by calling Spirit‘s restructuring data line at (888) 863-4889 (
About Spirit Airways  Â
Spirit Airways (NYSE: SAVE) is a number one low-fare provider dedicated to delivering the very best worth within the sky by providing an enhanced journey expertise with versatile, inexpensive choices. Spirit serves locations all through
Investor Inquiries: Â
Spirit Investor Relations Â
investorrelations@spirit.com    Â
Media Inquiries: Â
Spirit Media Relations Â
Media_Relations@spirit.com   Â
FGS World Â
Spirit@fgsglobal.com   Â
Cautionary Assertion Concerning Ahead Trying Statements
This press launch comprises varied forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Part 21E of the Securities Change Act of 1934, as amended (the “Exchange Act”) that are topic to the “safe harbor” created by these sections. Ahead-looking statements are primarily based on our administration’s beliefs and assumptions and on data at the moment accessible to our administration. All statements aside from statements of historic information are “forward-looking statements” for functions of those provisions. In some circumstances, you possibly can determine forward-looking statements by phrases comparable to “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “predict,” “potential,” and comparable expressions supposed to determine forward-looking statements. Ahead-looking statements embody, however will not be restricted to, statements relating to Spirit‘s expectations with respect to working within the regular course, the Chapter 11 course of. Ahead-looking statements are topic to dangers, uncertainties and different necessary components that might trigger precise outcomes and the timing of sure occasions to vary materially from future outcomes expressed or implied by such forward-looking statements. Components embody, amongst others, dangers attendant to the chapter course of, together with the Firm’s capacity to acquire courtroom approval from the Court docket with respect to motions or different requests made to the Court docket all through the course of Chapter 11, together with with respect the DIP; the results of Chapter 11, together with elevated authorized and different skilled prices essential to execute the Firm’s restructuring course of, on the Firm’s liquidity (together with the provision of working capital through the pendency of Chapter 11); the results of Chapter 11 on the pursuits of varied constituents and monetary stakeholders; the size of time that the Firm will function below Chapter 11 safety and the continued availability of working capital through the pendency of Chapter 11; objections to the Firm’s restructuring course of, the DIP, or different pleadings filed that might protract Chapter 11; dangers related to third-party motions in Chapter 11; Court docket rulings within the Chapter 11 and the end result of Chapter 11 typically; the Firm’s capacity to adjust to the restrictions imposed by the phrases and circumstances of the DIP and different financing preparations; worker attrition and the Firm’s capacity to retain senior administration and different key personnel because of the distractions and uncertainties; dangers related to the potential delisting or the suspension of buying and selling in its widespread inventory by the New York Inventory Change, the affect of litigation and regulatory proceedings; and different components mentioned within the Firm’s Annual Report on Type 10-Ok and subsequent quarterly experiences on Type 10-Q filed with the SEC and different components, as described within the Firm’s filings with the Securities and Change Fee, together with the detailed components mentioned below the heading “Risk Factors” within the Firm’s Annual Report on Type 10-Ok for the fiscal yr ended
