Overview
- Executives at multiple U.S. airlines told The Air Current they are readying backup schedules and rescue fares in case Spirit halts operations as soon as Saturday.
- Spirit denies it is preparing to cease flying, says flights are operating normally, and characterizes ongoing discussions with DIP providers as productive.
- The next $100 million under Spirit’s debtor-in-possession financing requires either detailed sale terms or a standalone plan acceptable to lenders by Dec. 13.
- Recent liquidity moves include a bankruptcy court–approved sale of two Chicago O’Hare gates to American for $30 million and temporary pilot pay and benefit reductions.
- Competitors are monitoring the situation given the risk of stranded customers during a busy travel period, with 428 Spirit flights scheduled on Dec. 13.