Spirit Airlines reported a net loss of $138.4 million in January 2025. The income statement was filed with the US Bankruptcy Court on March 11, 2025.
Spirit Airlines’ restructuring plan was approved by a US bankruptcy court on February 20, 2025. The company said at the time it expected to emerge from chapter 11 in “the coming weeks”.
Gross income for the month $347.4 million and gross profit totalled $1.3 million. Costs of goods sold totalled $346.1 million. Selling expenses were $18.5 million, general and administrative expenses were $34.7 million, and other expenses totalled $34.1 million. Depreciation and/or amortization totalled $21.7 million for the month.
Spirit Airlines’ full year 2024 operating revenues were down 8.4% to $4.8bn.