Yesterday, I covered how Spirit Airlines issued a dire warning about its financial situation in a regulatory filing, stating that there’s “substantial doubt” about the carrier’s ability to keep operating over the next 12 months. The carrier’s current credit card processor agreement expires at the end of 2025, and more collateral is being required, given the company’s finances. Along those …
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Travelers have a new reason for concern about a trip on Spirit Airlines. In a quarterly financial update filed on Monday evening, the Dania Beach, Florida-based carrier warned about its future solvency. Financial results, Spirit said, are not improving as fast as is necessary to meet the liquidity requirements of its creditors. In other words, the amount of cash and …
Read More »Spirit Airlines Issues Going Concern Warning The Wall Street Journal Spirit Airlines warns of “substantial doubt” about its future Axios Spirit Airlines stock craters on warning it could go out of business Yahoo Finance Spirit Airlines warns it might not be able to survive without more cash CNBC Spirit Airlines sounds the alarm on its future ability to stay in business ABC News Source link
Read More »Spirit Airlines has warned investors that it may go out of business, just months after exiting bankruptcy. 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 …
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Topline Spirit Airlines stock plunged after the no-frills budget carrier warned it may not survive beyond a year in its quarterly filing, five months after emerging from bankruptcy and weeks after announcing it would furlough hundreds of pilots. Spirit Airlines, the poster child for no-frills flying, has warned it may not survive another year without more cash. getty Key Facts …
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NEW YORK (AP) — Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its future ability to stay in business. Spirit Aviation Holdings (FLYY), the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern within the next year — which is accounting-speak for having the resources needed …
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(Reuters) -Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such as elevated domestic capacity and weak demand for leisure travel in the second quarter has resulted in a tough pricing environment for airline, it said in its quarterly report on Monday. …
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A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines has warned it might not be able to survive as a going concern if it doesn’t raise more cash, five months after the budget-travel icon emerged …
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Facebook Tweet Email Link Reuters — Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such as elevated domestic capacity and weak demand for leisure travel in the second quarter has resulted in a tough pricing environment for airline, it said in …
Read More »Boeing’s $4.7 Billion Spirit AeroSystems Deal Cleared in U.K. – WSJ The Wall Street Journal UK regulator clears Boeing takeover of Spirit AeroSystems Reuters UK competition regulator clears Boeing and Spirit AeroSystems merger Yahoo Finance Boeing’s Spirit AeroSystems Deal Gets U.K. Approval. It’s Part of the Turnaround. Barron’s Boeing’s $4.7 Billion Spirit Deal Cleared by UK Watchdog Bloomberg.com Source link
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