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SPIRIT AVIATION HOLDINGS 8-K Filings

FLYYQ OTC

Every 8-K that SPIRIT AVIATION HOLDINGS (FLYYQ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow FLYYQ 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 FLYYQ filings page.

Rhea-AI Summary

Spirit Aviation Holdings, Inc. is beginning an orderly wind-down of operations and has cancelled all Spirit Airlines flights effective immediately. The company has been operating under Chapter 11 in the Southern District of New York and now plans to stop filing periodic reports with the SEC except where legally required.

The company states it expects holders of its common stock to experience a complete loss on their investment, underscoring the severity of its financial distress. Management cites a recent material increase in oil prices, other business pressures and the inability to obtain additional funding, noting that sustaining the business would have required hundreds of millions of extra dollars of liquidity.

Spirit will automatically refund customers who bought tickets directly with a credit or debit card, while refunds for tickets bought through travel agents must be handled via those agents. Treatment of vouchers, credits and points will be determined later through the bankruptcy process, with more information available at Spirit’s restructuring website.

Rhea-AI Summary

Spirit Aviation Holdings, Inc. outlines a Chapter 11 restructuring anchored by a Restructuring Support Agreement with holders of 74.6% of New Money DIP loans, 71.8% of Roll-Up DIP loans and 60.0% of certain prepetition secured notes. The deal is expected to be implemented through a court-approved plan of reorganization and includes milestones that, if missed, allow key lenders to terminate their support.

Spirit also entered a detailed engine restructuring term sheet with International Aero Engines, providing up to $140,000,000 in maintenance credits and settling invoices with roughly $13 million of cash, while significantly reducing fleet obligations and cancelling 52 aircraft plus 36 transfers. Management’s “EmergeCo” plan shrinks the fleet to 76 aircraft by mid‑August 2026, targets 2026 adjusted EBITDAR of $456 million and 2027 adjusted EBITDAR of $598 million, and projects moving from a 2026 net loss of $111 million to 2027 net income of $55 million. The company explicitly warns that common shareholders may face a significant or complete loss of their investment depending on Chapter 11 outcomes.

Rhea-AI Summary

Spirit Aviation Holdings, Inc. reports that, as part of its ongoing Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York, it has filed a monthly operating report for the month ended November 30, 2025. This report, attached as Exhibit 99.1, provides financial and operating data required in the bankruptcy cases and is being furnished under Regulation FD rather than filed for Exchange Act purposes.

The company emphasizes that the monthly operating report is unaudited, prepared in a bankruptcy-specific format, limited in scope, and subject to future adjustments, so it may differ from information in its regular SEC reports and may not reflect longer-term performance. Spirit also includes extensive forward-looking statement warnings, highlighting risks tied to the Chapter 11 process, including court approvals, liquidity during the cases, effects on stakeholders, and the ability to retain key personnel.

Rhea-AI Summary

Spirit Aviation Holdings, Inc. reported that it has filed a monthly operating report for the month ended October 31, 2025 with the U.S. Bankruptcy Court overseeing its Chapter 11 cases. The company and its subsidiaries have been under Chapter 11 protection in the Southern District of New York since August 29, 2025, with the cases jointly administered under case number 25-11897 (SHL).

The report, furnished as an exhibit to this disclosure, is unaudited, prepared under bankruptcy reporting rules, and may be adjusted or reconciled later. Spirit emphasizes that the report is limited in scope, was not prepared to support investment decisions, and may not be indicative of its full financial condition or future results. The company also notes that, following a Form 25 filed on September 11, 2025, its common stock was delisted from NYSE American and began trading on the OTC Pink Limited Market under the symbol “FLYYQ” on September 3, 2025.

Rhea-AI Summary

Spirit Aviation Holdings (FLYY) reported final results of its DIP “roll‑up” opportunity for the PIK Toggle Senior Secured Notes due 2030. Holders tendered $818,362,453 in aggregate principal, equal to 96.05% of the $852,039,973 originally outstanding.

Early tenders totaled $771,104,677 and settled on October 29, 2025. An additional $47,257,776 will settle on the Final Closing Date of November 14, 2025. After settlement and cancellation, $33,677,520 of Prepetition Notes will remain outstanding. The company is operating as a debtor‑in‑possession in Chapter 11. Its common stock began trading on the OTC Pink Limited Market on September 3, 2025 under “FLYYQ.”

Rhea-AI Summary

Spirit Aviation Holdings, Inc. (FLYY) furnished an update under Regulation FD, noting that on November 7, 2025 it issued a press release announcing agreements in principle with its two principal labor unions.

The press release is included as Exhibit 99.1. The information in Item 7.01 and Exhibit 99.1 is being furnished, not filed, and is not subject to liabilities under Section 18 of the Exchange Act nor incorporated by reference except as expressly set forth.

Rhea-AI Summary

Spirit Aviation Holdings (FLYY) disclosed that the Bankruptcy Court entered a final order approving its debtor-in-possession financing. The DIP Credit Agreement provides up to $475,000,000 in superpriority priming term loans to support operations during Chapter 11.

The facility includes additional new money availability on defined dates: up to $75,000,000 on November 7, 2025, $100,000,000 on December 13, 2025, and $100,000,000 on a subsequent date set in the order and agreement. New money loans accrue interest at the Base Rate plus 7% (with a 4% floor) or Term SOFR plus 8% (with a 3% floor). Roll-up loans tied to certain prepetition notes do not bear interest unless determined oversecured. The DIP facility matures on July 14, 2026.

The company also noted prior delisting from NYSE American, with shares trading on the OTC Pink under “FLYYQ.” It cautioned that common shareholders could face a significant or complete loss depending on the Chapter 11 outcome.