Spirit Airlines Says It Has Enough Liquidity to Stand Alone
- Fourth-quarter loss was smaller than analysts expected
- Discounter assessing options for 2025, 2026 debt maturities
A Spirit Airlines passenger jet at Lauderdale-Hollywood International Airport.
Photographer: Eva Marie Uzcategui/BloombergSpirit Airlines Inc., fighting to preserve its acquisition by JetBlue Airways Corp., said revenue will increase this quarter more than analysts were expecting and that it has the liquidity needed to stand on its own even as concerns mount about its financial future.
Revenue will be in the range of $1.25 billion to $1.28 billion, Spirit said in an investor update Thursday, above the $1.22 billion expected by analysts. Slowing capacity growth at Spirit and other carriers this year is helping match supply with demand, while current travel booking trends “further our confidence that the domestic environment is beginning to rebound,” Chief Executive Officer Ted Christie said in a statement.