Spirit Airlines Exec Says Believe $1.3B Of Total Liquidity At End Of 2023 Should Be More Than Adequate To Sustain U.S. Until Business Is Back To Generating Cash
Portfolio Pulse from Benzinga Newsdesk
During a conference call, a Spirit Airlines executive stated that they anticipate having $1.3 billion in total liquidity by the end of 2023, which they believe will be more than sufficient to sustain the airline in the U.S. until the business returns to generating cash.
February 08, 2024 | 3:22 pm
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Spirit Airlines expects to have $1.3 billion in liquidity by the end of 2023, indicating a strong financial position to weather any short-term challenges.
The executive's statement about Spirit Airlines' anticipated liquidity by the end of 2023 suggests confidence in the airline's financial stability and its ability to sustain operations without additional cash inflow in the short term. This positive outlook could reassure investors about the company's financial health and its capability to navigate through potential challenges, likely leading to a positive impact on the stock price in the short term.
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