Spirit Airlines survival is at risk. Here's what to do if you've booked with them.

J ust months after restructuring its debt in Chapter 11 Bankruptcy, Spirit Airlines has warned investors that its continued existence in the next 12 months is threatened.

In the company’s 10-Q quarterly filing with the Securities and Exchange Commission (SEC), the airline cited reduced demand for air travel and competitive pricing from other airlines as impacting its revenue streams. The company warned that its cash flow could, within the next 12 months, ultimately violate its terms with both creditors and credit card processors, causing them to restrict available cash and require more collateral to continue processing credit transactions.

Spirit Airlines’ stock plunged following the announcement, and mo

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