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Spirit Airlines is at risk of shutting down within the next year.

The airline cited weak travel demand and financial challenges.

Spirit implemented cost-cutting measures, but its future remains uncertain.

A budget airline has warned it's at risk of shutting down within a year, citing weak leisure travel demand.

Spirit Airlines, an ultra-low-cost carrier based in Dania Beach, Florida, filed for Chapter 11 bankruptcy protection in November 2024. Four months later, it launched a turnaround strategy , rebranding as a premium carrier and targeting more affluent travelers.

But on Aug. 11, 2025, Spirit disclosed in a filing with the Securities and Exchange Commission that it doubts whether it can fulfill financial obligations set as part of the terms of the end of its

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