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Spirit Airlines (SAVE) just unveiled an update.
Spirit Airlines has amended its Airbus Purchase Agreement, deferring the delivery of all aircraft originally scheduled for the second quarter of 2025 to the end of 2026, now pushing them to 2030-2031. This adjustment, which also includes shifting the delivery periods of optional aircraft, is expected to enhance the company’s liquidity by about $340 million in the coming two years. Additionally, Spirit plans to release an Investor Update soon and will announce its first-quarter results for 2024 on May 6, followed by a conference call, with further details and replays to be accessible online.
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