Spirit Airlines Faces Potential Closure Amid Financial Struggles
TL;DR Summary
Spirit Airlines has warned it may not survive another year due to significant financial losses, weak demand, and liquidity issues, potentially needing to sell assets to stay afloat, after recently exiting bankruptcy.
- Spirit Airlines warns it may not survive another year after huge losses Business Insider
- Spirit Airlines warns of "substantial doubt" about its future Axios
- Spirit Airlines stock craters on warning it could go out of business Yahoo Finance
- Spirit Airlines Issues Going Concern as It Faces Cash Crunch Bloomberg.com
- Spirit Airlines warns it might not be able to survive without more cash CNBC
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