Spirit Airlines has posted its monthly operating report for January, indicating that the airline ended the month with a net and operating loss, as the industry entered a typical slower period following the Holidays in December.
On March 26, 2026, Spirit Airlines’ counsel filed the low-cost carrier’s monthly operating report, which outlined that the airline’s revenues were $250.3 million in January, while operating expenses were $292.3 million, resulting in an operating loss of $42 million and an operating margin of -17%.
Its other expenses, which include reorganization-related items, were $83.1 million, resulting in a net loss of $125.1 million.
At the end of the month, Spirit Airlines held $825 million in cash, including restricted cash, with an adjusted cash balance of $822 million. In comparison, Spirit Airlines’ cash reserves at the end of December 2025 were $867 million.
Overall, December 2025 was a slightly better month for Spirit Airlines, with an operating profit of $8.5 million, revenues of $296.4 million, and operating expenses of $287.9 million.
Spirit Airlines, which declared its second Chapter 11 bankruptcy case in less than a year in August 2025, detailed in its latest post-bankruptcy plan that it expects to have an operating fleet of 76 aircraft by mid-August 2026, with a focus on maximizing unit revenue by optimizing day-of-week and seasonal flying.
The low-cost carrier will also be pushing premium capacity with additional premium economy seats, keeping the eight Big Front Seats – or domestic first class – in its cabins going forward.
As a result, the carrier estimated that it will stop burning cash in October of this year and be profitable in 2027.
Rytis Beresnevicius
