Los Angeles, Los Angeles on 1 September, 2024, California, a Spirit Airlines Airbus A320 taxi at Los Angeles International Airport after arriving from Boston in California.
Kevin Carter | Getty Image News | Getty images
Spirit Airlines It is warned that it may not be able to survive as a concern if it does not increase more cash after five months of the budget-journey icon. Emerged From Insolvency,
After cutting its debt during restructuring, Spirit has tried to attract booking by marketing more upscale products and looking for new ways to cut costs. Last last month, the airline announced plans A few days off 270 more pilots this decline.
The company said in its quarterly report late Monday night, “However, the company has been affected by adverse market conditions, including domestic capacity and a weak demand for domestic holiday travel in the second quarter of 2025 continues, resulting in a challenging pricing environment.”
As its financial results are not improving the agreements of the same pace creditors, the soul will require additional cash. Failing to do this can lead to lapse. The carrier is selling some aircraft, real estate or airport doors, it said.
He said, “Due to the compliance with minimum liquidity covenants and the uncertainty of successfully fulfilling the initiative for the result of the company’s discussions, the management concluded that the company’s capacity is sufficient doubt as sufficient doubts that these financial statements have been issued from the date of continuing as an anxiety within 12 months.”
The bankruptcy of Spirit had identified a major US airline since 2011 last year.
Known for its bright yellow aircraft, the soul was a budget airline in the US, but struggled in view of one Unsuccessful acquisition By Jetbu Airways Last year, transfer the consumer’s taste to more upmarket products and recall an engine that prepares many of its airplanes.
