March 13 (Reuters) - Fitch::
*FITCH UPGRADES SPIRIT AIRLINES TO 'CCC+'; ASSIGNS EXIT NOTE RATING OF 'B-'/'RR3'
*FITCH: EXPECTS SPIRIT'S LIQUIDITY TO REMAIN SUFFICIENT IN NEAR TERM
*FITCH: BELIEVES SPIRIT AIRLINES LEVERAGE WILL REMAIN CONSTRAINT ON RATING AT LEAST THROUGH 2026
*FITCH: SEES SPIRIT'S LIQUIDITY PRESSURE COULD ARISE
BEYOND 2025 IF CO'S PROJECTED PROFIT IMPROVEMENTS FAIL TO MATERIALIZE
*FITCH: VIEWS SPIRIT AIRLINES' STRATEGIC SHIFT AS HAVING MERIT, BUT EXECUTION RISKS ARE HIGH
*FITCH: EXPECTS SPIRIT AIRLINES TO GENERATE LOSSES AT EBIT LEVEL IN 2025 AND POTENTIALLY THROUGH 2026
*FITCH: EXPECT SPIRIT TO GENERATE MODESTLY POSITIVE CASH FLOW FROM OPERATIONS IN 2026
*FITCH: VIEWS SPIRIT AIRLINES' CAPACITY CONSTRAINT AS NECESSARY STEP TOWARDS IMPROVING PROFITABILITY, BUT TO ALSO CONTRIBUTE TO UNIT COST HEADWINDS
*FITCH: EXPECTS SPIRIT AIRLINES' EFFICIENCY TO INCREASE IN 2026 AND BEYOND AS CO IS ABLE TO INCREASE UTILIZATION OF ITS A320 NEO FAMILY OF AIRCRAFT
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 13-MAR-202518:20:17.997 GMT
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