Spirit Airlines Sounds The Alarm on its Future Ability to Stay in Business

WSVN

Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its future ability to stay in business.

Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern within the next year — which is accounting-speak for having the resources needed to sustain operations. In a quarterly report issued on Monday, Spirit pointed to “adverse market conditions” that it’s continued to face despite recent restructuring and other efforts to revamp offerings.

That includes weak demand for domestic leisure travel, which Spirit said persisted in the second quarter of its fiscal year — among other challenges and “uncertainties in its business operations” that the Florida-based company expects to continue “for at least the remainder of 2025.”

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