Here are the 10-Q quarterly reports from Spirit Aviation Holdings, Inc. (FLYY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FLYY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FLYY filings page.
Spirit Aviation Holdings (FLYYQ) filed its Q3 2025 10‑Q, reporting results amid Chapter 11 proceedings. For the quarter ended September 30, operating revenue was $958.5 million and the net loss was $317.5 million. Operating expenses totaled $1.09 billion, with fuel at $253.3 million and salaries at $367.4 million.
The company filed voluntary Chapter 11 petitions on August 29, 2025 and disclosed substantial doubt about its ability to continue as a going concern. Liabilities subject to compromise were $6.69 billion as of September 30. Cash and cash equivalents were $250.5 million with restricted cash of $396.1 million. Spirit drew the full $275.0 million Exit RCF on August 21.
Subsequently, the court approved up to $1.2 billion of DIP financing, including $475.0 million in new money; draws of $200.0 million on October 14 and $50.0 million on November 7 were made. A restructuring with AerCap included a $150.0 million liquidity payment and lease rebalancing. The stock was delisted from NYSE American and now trades OTC as FLYYQ. Shares outstanding were 27,044,569 as of November 5, 2025.