Low-budget airline Spirit Airlines issued a warning that it could soon go out of business, as low summer demand for leisure travel has hurt its financial results.
Spirit Aviation Holding, the airline’s parent company, made the declaration during its second-quarter earnings report, saying, “The company has continued to be affected by adverse market conditions, including elevated domestic capacity and continued weak demand for domestic leisure travel in the second quarter of 2025, resulting in a challenging pricing environment.”
It added that it expects to face these “challenges and uncertainties in its business operations” for the remainder of the year…