Major US budget airline says it could go out of business in the next year

Major US budget airline says it could go out of business in the next year

Declining demand and increased domestic capacity are the main causes of the company's financial struggles.

Spirit Airlines warns it may not survive another year as stock plummets 40%

It hasn't been a great few years for Spirit Airlines. No matter how many asses it manages to squeeze into its too-small seats, the ultra-low-cost carrier can't seem to stay afloat. According to AP News, the company's flying banana livery may not be seen at airports for much longer: Spirit Aviation Holdings, the budget carrier's parent company, says it has "substantial doubt" about its ability to continue as a going concern over the next year — …

REPORT: Budget Airline 'May Not Survive' For Another Year

Spirit Airlines warned Tuesday that it may not be able to stay afloat for another year, citing concerns over its ability to raise enough cash. The report comes after the budget airline successfully restructured its debt and emerged from bankruptcy earlier this year. In a Securities and Exchange Commission (SEC) filing, the embattled company revealed that it continues to be affected by “adverse market conditions,” including weak demand for domest…

Budget US Airline Hit Massive Crisis: Selling Out?

Spirit Airlines faces financial trouble after JetBlue merger collapse, selling aircraft and cutting costs to stay afloat.

Budget Airline Apocalypse: Spirit’s Yellow Horsemen on Final Approach

Spirit Airlines faces a turbulent future as it warns of financial instability just months after emerging from bankruptcy. Discover the dramatic events unfolding in what some are calling the "Budget Airline Apocalypse." The post Budget Airline Apocalypse: Spirit’s Yellow Horsemen on Final Approach appeared first on The Takeoff Nap.

Spirit Airlines Warns of Financial Strain as Shares Slide Nearly 40%

Spirit Aviation Holdings saw its shares plunge on Tuesday after the airline warned of “substantial doubt” about its ability to continue operations over the next year. Shares fell $1.39, or 39%, to $2.15 in early afternoon trading. The announcement came in the company’s quarterly report issued Monday, just five months after Spirit emerged from Chapter 11 bankruptcy protection. The Florida-based carrier pointed to persistent “adverse market condit…