Spirit Airlines is warning that it may not survive the next year unless it can quickly raise more cash — just five months after emerging from bankruptcy protection.

The budget airline said in a report Monday that fewer people are booking leisure trips within the US and tough competition from other carriers is making it hard to hit the money targets it promised after bankruptcy.

The company cautioned that failure to secure additional funds could trigger loan defaults and force it to sell assets, including planes, airport gates and real estate. 4

The airline’s management said it faces “substantial doubt” about its ability to keep operating beyond the next 12 months without fresh capital, citing uncertainty over the success of cost-cutting efforts and ongoing talks with stakehol

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