Spirit Airlines warned last week that it may not survive the next year without securing additional cash. The budget carrier’s disclosure came just five months after it exited Chapter 11 bankruptcy protection, which has raised doubts about its recovery.

The Florida-based airline emerged from restructuring in March but has since faced a sharp drop in domestic demand and higher operating costs. Even some of the major US carriers have scaled back earlier growth expectations.

Experts Say Spirit Missed Hard Choices During Chapter 11 Restructuring

Spirit’s troubles have worsened since it left bankruptcy protection earlier this year. In a report filed last week, the airline disclosed that it has lost nearly $257 million since mid-March through the end of June, despite previously projectin

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