Spirit Airlines is facing financial difficulties and may not survive without raising more cash, following its emergence from bankruptcy five months ago. The airline has tried to attract bookings with upscale products and cost-cutting measures, but challenges remain due to weak demand and pricing environment. Spirit is considering selling assets to meet creditor agreements. The airline’s bankruptcy in 2024 was the first major U.S. airline bankruptcy since 2011, as it struggled with consumer shifts and operational issues.

Read more at CNBC: Spirit Airlines warns it might not be able to survive without more cash