Spirit Aviation Holdings (FLYYQ) Company Report

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Research analysts covering Spirit Aviation Holdings.

Recent press releases and 8-K filings for FLYYQ.

Spirit Aviation Holdings, Inc. Files November 2025 Monthly Operating Report Amidst Chapter 11 Proceedings

FLYYQ

Legal Proceedings

Earnings

Delisting/Listing Issues

Spirit Aviation Holdings, Inc. (FLYYQ) filed an 8-K on December 22, 2025, to announce the submission of its Monthly Operating Report for November 2025 to the Bankruptcy Court.
The company and its subsidiaries initiated Chapter 11 bankruptcy proceedings on August 29, 2025, and are currently operating as debtors in possession.
For November 2025, the company reported a net loss of $(54,671,390.79), with total operating revenues of $238,983,724 and total operating expenses of $311,667,726.
As of November 30, 2025, the company's total assets were $8,887,069,250, total liabilities were $8,754,825,747, and net assets (equity) amounted to $132,243,504.

Dec 23, 2025, 11:17 AM

Spirit Aviation Holdings Files October 2025 Monthly Operating Report Amidst Chapter 11

FLYYQ

Legal Proceedings

Accounting Changes

Spirit Aviation Holdings, Inc. and its affiliates initiated Chapter 11 bankruptcy proceedings on August 29, 2025, and continue to operate as debtors in possession.
The company's Monthly Operating Report for October 2025 shows total operating revenues of $270,557,322 and a net income of $20,961,261 for the month ended October 31, 2025.
As of October 31, 2025, total assets were $8,919,219,265 and total liabilities were $8,732,965,276, with $6,317,156,727 classified as liability subject to compromise.
The report, which is unaudited and not prepared under U.S. GAAP, also indicates that a plan of reorganization and a disclosure statement have not yet been filed with the court.

Dec 9, 2025, 2:28 AM

Spirit Aviation Holdings, Inc. Files for Bankruptcy and Reports Operating Results

FLYYQ

Legal Proceedings

Delisting/Listing Issues

Spirit Aviation Holdings, Inc. (FLYYQ) filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on August 29, 2025, in the United States Bankruptcy Court for the Southern District of New York.
The company's common stock was delisted from NYSE American on September 11, 2025, and began trading on the OTC Pink Limited Market under the symbol "FLYYQ" on September 3, 2025.
The proposed Plan for the Chapter 11 cases contemplates that holders of the Company’s equity securities will receive no recovery of value from their investment.
For the month ended September 30, 2025, Spirit Aviation Holdings, Inc. reported total operating revenues of $257,099,674 and a net loss of $(260,546,028).

Nov 19, 2025, 1:45 PM

Spirit Aviation Holdings, Inc. Announces Chapter 11 Restructuring and Financing Agreements

FLYYQ

Legal Proceedings

Debt Issuance

Delisting/Listing Issues

Spirit Aviation Holdings, Inc. (FLYYQ) filed for Chapter 11 bankruptcy on August 29, 2025, and its common stock was delisted from NYSE American, subsequently trading on the OTC Pink Limited Market under FLYYQ since September 3, 2025.
The company entered a Global Restructuring Term Sheet with AerCap Ireland Limited, under which AerCap will provide a $150 million liquidity payment to Spirit (net of certain fees).
As part of the restructuring, Spirit will assume leases for ten (10) aircraft and amend its purchase agreement with Airbus to remove fifty-two (52) firm aircraft and up to 10 option aircraft from its orderbook.
Spirit plans to launch a tender offer on or after October 14, 2025, for Prepetition Note holders to participate in a DIP Credit Agreement or exchange their notes, supported by a Superpriority Priming Debtor-in-Possession Credit Agreement dated October 14, 2025, which includes $75,000,000 in Second Draw New Money Term Loans available no earlier than November 7, 2025.

Oct 14, 2025, 8:05 PM

Spirit Aviation Holdings Faces Class Action Lawsuit Following Bankruptcy Filing

FLYYQ

Legal Proceedings

Delisting/Listing Issues

A class action lawsuit has been filed against Spirit Aviation Holdings, Inc. (FLYYQ) on behalf of investors who purchased securities between May 28, 2025, and August 29, 2025.
The lawsuit alleges that Spirit failed to disclose its substantial risk of being unable to meet debt obligations and being forced to file for Chapter 11 bankruptcy, while overstating its financial condition.
Spirit Aviation Holdings filed voluntary petitions for Chapter 11 bankruptcy on August 29, 2025, with shares expected to be cancelled and have no value as part of the restructuring.
Following the bankruptcy disclosure, Spirit's stock price fell $0.71 per share, or 58.2%, to close at $0.51 per share on September 3, 2025, after the NYSE suspended trading and the stock began trading on the OTC market under FLYYQ.
Shareholders interested in serving as lead plaintiff in the class action must submit their papers by December 1, 2025.