Spirit is broken

Source: The Verge

Overview

The bright yellow livery of Spirit Airlines may soon disappear from the skies. The country’s seventh‑largest airline has been in financial trouble for years: it hasn’t turned a profit since 2019 and filed for bankruptcy twice in the last two years. Despite all that, its leaders predicted that the airline could exit bankruptcy and return to profitability as early as 2027. It just needed time and a little stability to do so.

Sources

• Bloomberg article
• Restructuring information
• SEC filing