Spirit Airlines Warns It May Not Survive Another Year

Spirit Airlines has warned investors that it may go out of business, just months after exiting bankruptcy. From a report: In a quarterly report filed with the Securities and Exchange Commission on Monday, it said there was "substantial doubt" over its "ability to continue as a going concern within 12 months." The budget airline said it was harder to make money because of weak demand for domestic leisure travel and "elevated domestic capacity," meaning increased competition on such routes. Spirit reported a net loss of $245.8 million for the second quarter of 2025, up from a $192.9 million loss for the second quarter of 2024.

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