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Posted on 08/12/2025 6:09:55 AM PDT by Red Badger
Key Points
The airline issued a going-concern warning in its quarterly filing, months after emerging from bankruptcy,
The budget airline icon has tried to attract bookings by marketing more upscale products like premium economy.
The carrier has been challenged by an oversupply of domestic flights, changing consumer tastes and an engine grounding.
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Spirit Airlines has warned it might not be able to survive as a going concern if it doesn’t raise more cash, five months after the budget-travel icon emerged from bankruptcy.
After cutting its debt during restructuring, Spirit has tried to attract bookings by marketing more upscale products and looking for new ways to cut costs. Late last month, the airline announced plans to furlough 270 more pilots this fall.
“However, the Company has continued to be affected by adverse market conditions, including elevated domestic capacity and continued weak demand for domestic leisure travel in the second quarter of 2025, resulting in a challenging pricing environment,” the company said in its quarterly report late Monday.
As its financial results aren’t improving at the same pace creditors agreements require, Spirit will need additional cash. Failing to do so could result in defaults. The carrier is looking at selling some aircraft, real estate or airport gates, it said.
“Because of the uncertainty of successfully completing the initiatives to comply with the minimum liquidity covenants and of the outcome of discussions with Company stakeholders, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within 12 months from the date these financial statements are issued,” it said in the filing.
Why Spirit Airlines is struggling
Spirit’s bankruptcy last year marked the first of a major U.S. airline since 2011.
Known for its bright-yellow planes, Spirit was a budget airline pioneer in the U.S., but struggled in the wake of a failed acquisition by JetBlue Airways last year, shifting consumer tastes to more upmarket products and an engine recall that grounded many of its airplanes.
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AVIATION PING!...................
Well, bye.
Go Ghetto, Go Broke.
Me too
Greyhound of the Skies..............
Terrible airline. Have never not had a problem flying them.
I read ... without more crash.
I will miss Spirit. For being a source of entertaining videos.
There are only so many of the communists’ sacred ghettopotomai that fly.....and those that do, physically weigh about a ton or two and want to argue and fight everybody else on the plane.
No sane person, black or white, wants to be exposed to that BS so many are taking Scott Adam’s advice.
Running anything -- including governments -- on increasing and eventually unpayable debt is mathematically innumerate, logically illiterate, and yet so many people's view of a path to "success." Until....
Maybe is charges less than it needs? Duh.
Flying is bad enough for non first class seating. Nobody in their right mind would opt for the lowest class service providers.
Nothing several dozen flights a day wouldn’t solve, contracted by the DHS, to places like Tegucigalpa, Caracas, San Salvador, and Mexico City. Especially San Salvador.
IYKWIM.
That too!..................
“...so many are taking Scott Adam’s advice.”
What was his advice?
They should put their in-plane security cameras on pay-for-view. They might pull in some cash for such “entertainment”.
“..What was his advice?..”
One can look it up.
Not per verbatim: but basically, it was “avoid em at all costs”....LOL
DEMOCRATS RUIN EVERYTHING THEY TOUCH!
Going up to the Spirit in the Sky.
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