"Analyst Claims Major U.S. Airline Faces Narrow Path to Survival Amid Financial Distress"
Spirit Airlines is facing financial distress with deeply distressed bond prices and about $2.5 billion in debt, despite its relatively young fleet. The airline is seeking to refinance upcoming debt maturities and exploring options such as sale-leaseback deals on its planes. However, its slim margins and cash burn pose challenges for refinancing, and its remaining financing options may require creativity. With its fleet already pledged as collateral on existing debt, the airline's survival hinges on convincing investors of its viability as an independent-going enterprise.