Last January, we asked if the government killed Spirit Airlines by blocking its merger with JetBlue. And now, we have the answer: probably. Or maybe it did this to itself.
Either way, Spirit’s latest SEC filing isn’t exactly a confidence booster. Buried in a financial statement released this week is a shocking admission that there’s “substantial doubt” the airline can continue operating over the next 12 months.
For travelers staring at those ultra-low fares, it raises an uncomfortable question: is saving a few bucks worth the gamble?
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