Listen to this article

Key Highlights

Spirit warns of “substantial doubt” about staying in business

Weak demand for leisure travel and rising costs hurt recovery

Airline may sell aircraft and real estate to raise cash

Boise to Las Vegas service future remains unclear

NEW YORK (AP) — Just five months after emerging from Chapter 11 bankruptcy protection, Spirit Airlines is warning about its future ability to stay in business.

Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern over the next year — which is accounting-speak for running out of money. In a quarterly report issued Monday, Spirit pointed to “adverse market conditions” that it’s continued to face after a recent restructuring an

See Full Page