Spirit Airlines warns that it may not survive another year amid cash conflicts

Spirit Airlines warned on Tuesday that it may not reach another year, noting concerns about its ability to collect enough money, despite the success of its debts successfully And he came out of bankruptcy Just months ago.

The low -cost carrier carrier in the Securities and Stock Exchange Committee file (SEC) said that it is still affected by “negative market conditions”, including the continuous demand for local entertainment travel in the second quarter of 2025.

The transport company also expected to continue to “experience challenges and doubts” in its operations for the rest of 2025.

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The airline said that it takes certain measures to face these challenges, such as implementing the excellent economic travel option, selling some of its reserve engines and then renting them to obtain quick money. The pilots also imposed last month to recover some costs. However, it does not earn money quickly to meet the rules determined by lenders and credit card processor, according to the deposit.

index	protection	last	Changing	% Change
fluorescent	Flying	2.10	-1.44	40.68 %

The company works with different parties for other ways to collect cash quickly, such as selling aircraft or some real estate assets. SPIRIT is also negotiating with its credit card processor, which wants additional money aside as a safety network before agreeing to renew its deal, which ends on December 31, 2025.

Spirit Airlines plans to sell aircraft and cut jobs

The company said that its goal is to implement these initiatives, “There can be no guarantee that such initiatives will be successful.” Given the uncertainty whether the company can collect enough money or access deals with the main partners, “The administration has concluded a great doubt regarding the company’s ability to continue as a constant anxiety action within 12 months from the date of issuing these financial statements,” the deposit continued.

The carrier, which was equipped with debt, applied for bankruptcy in November 2024 after a failure to integrate with Jetblue and Frontier airlines.

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According to what was reported, the company raised the possible integration talks With the border Last year, after her plans to integrate with Jetblue were banned in a $ 3.8 billion deal by organizers due to concerns that the deal will harm the provision of low -cost air travel tickets.

A federal judge prevented the proposed merger in January 2024 after the Ministry of Justice (Doj) filed a lawsuit against Preventing integration on anti -monopoly concerns.