Latest Management Financial Filing - Credit Card Processor

Spirit management filed an 8-k today stating, “Spirit has reached an agreement with USB, its credit card processor to extend the Card Processing Agreement for two additional years, until December 31, 2027. To enhance Spirit’s liquidity in light of the collateral posting requirements that are a component of the two-year Card Processing Agreement extension described above, and for general corporate purposes, on August 21, Spirit also borrowed the entire amount available to it under the Revolving Credit Facility, which will be used for general corporate purposes. Spirit plans to continue advancing other liquidity enhancing initiatives as previously disclosed in its Quarterly Report on Form 10-Q for the period ended June 30, 2025.”

While it’s good that management was able to satisfy the credit card processor vendor, they did so by taking on more debt. Taking on more debt is not necessarily cause for alarm, but we continue to actively monitor the situation and engage with management. In doing so, your Spirit AFA Officers, AFA International Officers, and our legal counsel at AFA International continue fighting to protect every Spirit Flight Attendant, mitigate harm, and protect the interests of Spirit Flight Attendants. We are behind you every step of the way.

Please note that AFA EAP is available to you 24/7 at 800-424-2406. We expect increased attention and scrutiny from the public and press. Refer all media inquiries to press@afacwa.org.

We continue to urge you to take a look at your personal situation, examine all your options, and prepare for all possible scenarios. Read this article from your AFA EAP for steps on how to assess your financial status.

We will fight one day longer and one day stronger together! Put on your oxygen mask first and look out for each other. Stay close to union communications and know we are not alone.