A securities class action has been filed in the USDC — S.D.FL. against Spirit Aviation Holdings, Inc. (FLYY; FLYYQ) (“Spirit” or the “Company”) on behalf of all persons and entities that purchased or otherwise acquired Spirit Securities between May 28, 2025, and August 29, 2025, both dates inclusive (the “Class Period”).
Spirit is the parent company of Spirit Airlines, LLC (“Spirit Airlines”), an ultralow-cost American airline that provides passenger air transportation services for destinations throughout the U.S., Latin America, and the Caribbean.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding Spirit’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
(1) Spirit was at substantial risk of being unable to meet certain of its debt and other financial obligations;
(2) Spirit was also at substantial risk of being forced to file for Chapter 11 bankruptcy protection within a mere matter of months;
(3) accordingly, Defendants had overstated enhancements to Spirit’s financial condition, liquidity, and overall business and operations, while simultaneously downplaying the negative impacts of adverse market conditions on the same; and
(4) as a result, Defendants’ public statements were materially false and misleading at all relevant times, thereby harming investors.
Spirit’s stock price closed at $0.51 per share on September 3, 2025.
If you purchased Spirit securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.