Spirit Aviation Holdings Inc. (FLYY)
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Spirit Airlines warns it may not survive another year
Low-cost carrier Spirit Airlines expresses substantial doubt about continuing operations within 12 months after debt restructuring and bankruptcy exit.
Spirit Airlines warns of survival risk as demand weakens
Spirit Aviation Holdings Inc (NYSEAMERICAN:FLYY) has warned of “substantial doubt” about its ability to continue operating, citing weakening demand and the need for additional cash to meet debt and credit-card processor requirements. The budget carrier said travelers have cut back on flights since President Donald Trump announced tariffs, and it may sell aircraft and airport gate rights to raise funds as collateral.
Spirit Airlines warns it might not be able to survive without more cash
The airline issued a going-concern warning in its quarterly filing, months after emerging from bankruptcy, The budget airline icon has tried to attract bookings by marketing more upscale products like premium economy.
Spirit Airlines pilot arrested at airport on child stalking charges
Dominic Cipolla, 40, a Spirit Airlines pilot from Kansas City, was arrested at New Orleans airport and released on $12,500 bond for stalking charges.
Spirit Airlines to furlough 270 pilots due amid lower off-season demand
Spirit Airlines, which emerged from bankruptcy in March, announced 270 pilot furloughs while the Air Line Pilots Association works on voluntary options.
Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights
Spirit will furlough 270 pilots, effective Nov. 1, as it prepares for a smaller flight schedule. The carrier emerged from Chapter 11 bankruptcy in March, but the industry is now facing weaker-than-expected demand for coach-class tickets.
