Fitch Ratings affirms Spirit Airlines BB+ rating

Fitch Ratings has affirmed the Issuer Default Rating for Spirit Airlines at ‘BB+’. The Rating Outlook is Stable. Fitch has also affirmed the ratings on Spirit’s 2015-1 series of enhanced equipment trust certificates. The rating is supported by Spirit’s solid profitability, healthy liquidity, and low cost structure. Spirit’s cost advantage over its peers remains a significant ratings factor as it provides the company a meaningful cushion to operate through potential future economic downturns while maintaining adequate financial health. The company’s 20%+ EBIT margins have put it among the most profitable airlines in the industry for the past five years. Despite