Spirit Airlines appears not to have any spirit left in its tank.
Just months after filing for bankruptcy, Spirit Airlines’ parent company has announced that Spirit’s future is in serious doubt.
Spirit Aviation Holdings’ announcement comes as Spirit’s stock has drastically slipped by 40% in the last several days.
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AP News had more insight into Spirit Airlines’ troubled situation:
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Just five months after emerging from Chapter 11 bankruptcy protection, 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 over the next year — which is accounting-speak for running out of money. In a quarterly report issued Monday, Spirit
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