Spirit Airlines warns it might not be able to survive without more cash

Financial Struggles: Spirit Airlines has warned that it may not survive unless it raises more cash, facing challenges such as weak demand for domestic leisure travel and a difficult pricing environment, leading to plans for furloughing pilots and potential asset sales.

Bankruptcy Aftermath: The airline, which emerged from bankruptcy five months ago, is struggling with elevated domestic capacity and the impact of a failed acquisition by JetBlue Airways, raising doubts about its ability to continue operating within the next year.