Spirit CEO Offers Clarification After Airline Warns of ‘Substantial Doubt’ About Its Ability to Continue

Here's how many flights Phoenix could lose if Spirit Airlines shuts down

Spirit Airlines said going out of business is a real possibility. Here's what that means for Phoenix flyers and whether you can still fly on Spirit.

Spirit CEO offers clarification after airline warns of ‘substantial doubt’ about its ability to continue

Spirit Airlines warned investors of ongoing financial strain, raising questions about its future. The CEO addressed employees to clarify.

Ken Griffin Takes A Massive Hit As Spirit Airlines Now Faces Closure Risks

Ken Griffin takes a massive hit as Spirit Airlines raises concerns over its financial stability post-bankruptcy.

Spirit Airlines Announces Possible Shut Down

Spirit Airlines is sounding the alarm on its own survival. The ultra-low-cost carrier warned investors there is “substantial doubt” about its ability to continue operating over the next year. The warning comes just five months after Spirit emerged from Chapter 11 bankruptcy, in March 2025, with hopes of a smoother path ahead. Instead, the airline continues to grapple with weak leisure travel demand, intense competition, and elevated domestic cap…

Spirit Airlines Warning: It Could Shut Down Very Soon

Just months after restructuring its debt in Chapter 11 Bankruptcy, Spirit Airlines has warned investors that its continued existence in the next 12 months is threatened.  In the company’s 10-Q quarterly filing with the Securities and Exchange Commission (SEC), the airline cited reduced demand for air travel and competitive pricing from other airlines as impacting its revenue streams. The company warned that its cash flow could, within the next 1…

Spirit Airlines Says It May Not Survive a Year Without Additional Funding

Spirit Airlines has warned it may not be able to continue operating beyond the next 12 months unless it secures new funding. The disclosure comes just five months after the budget carrier emerged from bankruptcy, having reduced its debt by converting $795 million into equity. Since restructuring, Spirit has sought to revive bookings through upgraded service offerings and deeper cost-cutting efforts. However, the airline continues to struggle wit…