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Spirit Airlines warns it may not survive another year
['Daniella Genovese']
Latest News | FOX 32
articleSpirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago.
The carrier also projected that it will continue to "experience challenges and uncertainties" in its operations for the remainder of fiscal 2025.
The company is working with different parties for other ways to rapidly raise cash, such as selling aircraft or some real estate assets.
SPIRIT AIRLINES PLANS TO SELL PLANES, CUT JOBSThe company said while its goal is to execute on these initiatives, "there can be no assurance that such initiatives will be successful."
The carrier, riddled with debt, filed for bankruptcy in November 2024 after failed merger attempts with JetBlue and Frontier airlines.
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