Spirit Airlines’ Future in Jeopardy After Stunning Going-Concern Disclosure

On 11 August, Spirit Airlines dropped a bombshell in its quarterly filing with the Securities and Exchange Commission: a going-concern warning. For those who’ve read enough 10-Qs to know, that’s the big red flag no airline wants on its record. It’s essentially management’s formal admission that there is “substantial doubt” about the company’s ability to […]

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