Spirit Airlines narrowed its operating losses during the third quarter of 2025, the airline has revealed in an SEC filing.
With its bankruptcy proceedings ongoing, the airline reported a third-quarter operating loss of $134.9 million, improving from a $296.4 million operating loss a year prior.
While operating revenues fell from $1.2bn last year to $958.5 million this year, operating expenses also fell to $1.1bn — compared to $1.5bn last year.
Net loss widened slightly from $308.2 million in last year's third quarter to $317.5 million in this year's.
Last week, Spirit Airlines reached an agreement in principle with its pilots, represented by the Air Line Pilots Association (ALPA), and an agreement in principle with its flight attendants, represented by the Association of Flight Attendants-CWA (AFA).
The airline noted that both agreements, which are subject to definitive documentation, ratification, and court approval, represented “important steps and additional progress” in the company's ongoing Chapter 11 restructuring.