Spirit Airlines Warns of New Going-Concern Doubts Just Months After Exiting Bankruptcy
Spirit Airlines Warns of New Going-Concern Doubts Just Months After Exiting Bankruptcy Spirit Airlines has issued a stark warning regarding its ability to continue as a going concern, a mere few months after successfully emerging from Chapter 11 bankruptcy protection. The budget carrier, known for its distinctive yellow planes, cited severe operational strain caused by dwindling cash reserves and persistently weak domestic travel demand. In its latest quarterly report released this Monday, Spirit detailed the challenging market conditions, including elevated…