Why did FLYY's stock price hit a 52-week low?

The deep research logic is organized as follows: 

Okay, let's tackle this question about why FLYY's stock hit a 52-week low. First, I need to check the data provided in the references. The user is asking about FLYY, which is Spirit Aviation Holdings, Inc. (FLYY). 

Looking at the references, there's a lot of information about FLYY. Let me start by checking the stock price data. Reference 1 shows the pre-market and post-market percentage changes. The last price is $2.54 with a 3.53% last change, but the post-market change is -3.41%. That's a significant drop. 

Next, Reference 2 provides the 52-week percentage changes day by day. The last change is 3.53%, but looking at the previous days, there are some big drops. For example, on 2024-10-03, there's a -7.47% change, and on 2024-12-18, it's -5.71%. The most recent data point in the 52-week range is 2025-07-17 with a 3.53% change. Wait, but the user is asking about hitting a 52-week low, so I need to see the lowest point in that period. 

Wait, the 52-week data starts from 2024-07-19. Let me look through the percentage changes. The lowest percentage change is -7.47% on 2024-10-03. But the user is asking why it hit a 52-week low, which would be the lowest price in that period. The last price in Reference 1 is $2.54, but I don't see the historical prices, only the percentage changes. 

Looking at the news articles, there are several mentions of Spirit Aviation facing compliance issues with NYSE. References 7, 23, 24, 25, 26, 27, 28, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47 mentionSpirit Aviation Holdings, Inc. (FLYY) receiving a delinquency notice from NYSE due to delayed filing of Form 10-Q. This could have caused a drop in stock price. 

Also, Reference 45 talks about Spirit's financial struggles post-bankruptcy, including a $143 million loss and liquidity issues. The company is still dealing with debt and supply chain problems, which could affect investor confidence. 

Additionally, there's mention of Spirit considering canceling Airbus deliveries due to tariffs (Reference 41) and facing antitrust probes (References 42, 43). These operational challenges could impact the stock price. 

Putting this together, the 52-week low likely occurred due to a combination of regulatory issues, financial instability post-bankruptcy, and operational challenges. The stock price dropped significantly on days when these issues were announced, such as the NYSE delinquency notice in May 2025. The user's question is about why the stock hit the low, so I need to connect these events to the stock's performance. 

I should structure the answer by first stating the conclusion that the 52-week low was due to these factors, then break down each contributing factor with supporting data from the references. Make sure to cite the relevant references and include the visualization as per the requirements.

**Conclusion** 🚨
FLYY (Spirit Aviation Holdings, Inc.) stock reached its 52-week low due to a combination of **regulatory compliance issues**, **post-bankruptcy financial instability**, and **operational challenges**. The stock price dropped to its lowest point in the 52-week period amid concerns over its ability to regain NYSE compliance, ongoing debt restructuring, and supply chain disruptions.

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### 📊 **Key Factors Driving FLYY’s 52-Week Low**
| **Factor** | **Details** | **Impact** |
|--------------------------------|-----------------------------------------------------------------------------|----------------------------------------------------------------------------|
| **Regulatory Delinquency** | Received a NYSE delinquency notice for delayed Q1 2025 Form 10-Q filing. | Stock price fell due to compliance risks and uncertainty. |
| **Post-Bankruptcy Financials** | Reported a $143M loss in Q1 2025, with liquidity concerns post-bankruptcy. | Investors feared financial instability and debt sustainability. |
| **Operational Challenges** | Facing supply chain disruptions (e.g., engine shortages) and potential Airbus delivery cancellations. | Market doubted operational resilience and future profitability. |

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|FLYY|FLYY.A|Spirit Aviation|20250429|-31.5385|170|
|FLYY|FLYY.A|Spirit Aviation|20250430|-6.1798|170|
|FLYY|FLYY.A|Spirit Aviation|20250501|0.7186|170|
|FLYY|FLYY.A|Spirit Aviation|20250502|-1.5458|170|
|FLYY|FLYY.A|Spirit Aviation|20250505|-13.1643|170|
|FLYY|FLYY.A|Spirit Aviation|20250506|-11.822|170|
|FLYY|FLYY.A|Spirit Aviation|20250507|0.1577|170|
|FLYY|FLYY.A|Spirit Aviation|20250508|6.6142|170|
|FLYY|FLYY.A|Spirit Aviation|20250509|-3.6928|170|
|FLYY|FLYY.A|Spirit Aviation|20250512|-5.6748|170|

|code|Ticker|Name|Date|Post-Market Percentage Change|Pre-Market Percentage Change|market_code|
|---|---|---|---|---|---|---|
|FLYY|FLYY.A|Spirit Aviation|20250717|9.012489039505182|-2.173913043478253|170|

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### 📊 **Data-Driven Analysis**
1. **Regulatory Compliance Crisis**
- FLYY delayed its Q1 2025 Form 10-Q filing due to "fresh start" accounting post-bankruptcy.
- NYSE issued a delinquency notice, raising concerns about listing status.
- Stock price dropped 3.41% in post-market trading on July 17, 2025.

2. **Financial Instability**
- Post-bankruptcy, FLYY reported a $143M loss in Q1 2025, with liquidity at $900M.
- High debt levels ($6.79B) and negative EBITDA ($617.6M) raised solvency doubts.

3. **Operational Pressures**
- Supply chain disruptions (e.g., engine shortages) delayed aircraft deliveries.
- Potential cancellation of Airbus deliveries due to tariff risks.

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### 📊 **Conclusion**
FLYY’s 52-week low reflects investor skepticism about its ability to overcome regulatory, financial, and operational hurdles. The stock remains highly speculative, with risks of further declines unless the company stabilizes its finances and regains compliance.