Spirit Airlines has disclosed that it is unable to meet a deadline for filing a third-quarter Form 10-Q report with the US Securities and Exchange Commission, citing the "unreasonable effort or expense" that would be involved in doing so. The US low-cost carrier says in a 12 November SEC filing that it has been holding "constructive discussions" with holders of its senior secured notes due 2025 and convertible senior notes due 2026. Additionally, it is "exploring strategic alternatives and other ways to improve liquidity". "The negotiations, with a supermajority of the noteholders, have remained productive, have advanced materially, and are continuing in the near term, but have also diverted significant management time and internal resources from the company's processes for reviewing and completing its financial statements and related disclosures," Spirit says. It adds: "If a definitive agreement with the noteholders is not reached, the company will consider all alternatives." Spirit estimates that its third-quarter operating margin and adjusted operating margin will each be around 12 percentage points lower than the margins reported for the same period in 2023 "due to lower total operating revenues and higher total operating expenses". On 18 October, the Miramar, Florida-based carrier averted a potential financial crisis by reaching terms with its credit-card processor to extend its 2025 notes extension deadline from 21 October 2024 to 23 December 2024, and the notes' early maturity date from 31 December 2024 to 3 March 2025. During the summer, Spirit made what chief executive Ted Christie called a "liquidity-enhancing" deal with AerCap, under which the lessor agreed to purchase 36 Airbus A320neo-family jets previously ordered from Airbus by Spirit and to lease them to the carrier upon delivery in 2027 and 2028.

Australia's government will provide up to A$80 million ($52.6 million) to expand Regional Express's turboprop services as the carrier applies to extend its administration period out to June 2025. Canberra will also extend its guarantee for air tickets purchased on services for the extended administration period. "The financing will support the business to continue offering critical services for regional communities, with Rex's administrators intending to apply to the Federal Court of Australia to extend the Voluntary Administration to 30 June 2025," transport minister Catherine King says in a statement. Rex's current administration period is set to expire on 30 November, but it appears likely that the court will approve the request for the additional seven months. Administrator Sam Freeman from Ernst & Young says that the facility will be used to invest in a business improvement programme, including increasing the number of operational aircraft in its fleet. Cirium fleets data shows that the airline has 35 Saab 340Bs in service and a further 22 in storage, several of which Cirium understands require spare parts. "We're planning to increase the size of the operational fleet, while providing greater clarity for the Rex team and investing in strategic growth initiatives," says Freeman. "Through this plan, we're looking to increase reliability and capacity on the regional routes." Administrators note that they have been able to secure the sale of Rex's aeromedical arm Pel Air Aviation and other non-core assets, but the sale of the core regional airline has been given lower priority over stabilising the business. "While the sale of the regional network process will continue during the extension, the immediate focus of the administrators is implementing the business improvement plan," they state.

Air Canada has signed an agreement with Finnish renewable fuels producer Neste to purchase 78 million litres of sustainable aviation fuel. Neste will deliver the SAF to the Vancouver marine terminal starting in December, with further shipments throughout 2025, says the carrier. This purchase represents Air Canada's first commercial import of SAF. "Air Canada is actively pursuing efforts to mitigate its greenhouse gas emissions, and SAF is a critical component of our multifaceted approach to reducing our impact on the environment and promoting environmental sustainability in our operations," states Air Canada chief Michael Rousseau. "This SAF purchase from Neste contributes significantly to our target of procuring SAF for 1% of our estimated jet fuel use in 2025."