You May Never Fly This Carrier Again: A Company on the Way Out
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American low-cost airline Spirit Airlines has officially confirmed what many had long suspected: The company’s future is highly uncertain.
The announcement, made in a filing with the U.S. Securities and Exchange Commission (SEC) on August 11, sent shockwaves through the market. Spirit’s shares plunged 41% in Tuesday trading, slashing its market value to just $54.3 million. The filing stated there is "substantial doubt" about the company’s ability to continue as a going concern beyond 12 months from the date of its financial statements. In plain terms, Spirit could cease to exist by August 2026. The
