Spirit Airlines Warns It May Not Survive Another Year (businessinsider.com)
- Reference: 0178654712
- News link: https://tech.slashdot.org/story/25/08/12/156239/spirit-airlines-warns-it-may-not-survive-another-year
- Source link: https://www.businessinsider.com/spirit-airlines-warning-survive-year-losses-bankruptcy-2025-8
> In a quarterly report filed with the Securities and Exchange Commission on Monday, it said there was "substantial doubt" over its "ability to continue as a going concern within 12 months." The budget airline said it was harder to make money because of weak demand for domestic leisure travel and "elevated domestic capacity," meaning increased competition on such routes. Spirit reported a net loss of $245.8 million for the second quarter of 2025, up from a $192.9 million loss for the second quarter of 2024.
[1] https://www.businessinsider.com/spirit-airlines-warning-survive-year-losses-bankruptcy-2025-8
[2] https://tech.slashdot.org/story/24/11/19/1458254/spirit-airlines-files-for-bankruptcy
Why is this even here? (Score:2)
There is no technology angle to this, not even "AI", just a business failing to make enough money to go on.
Who cares?
Re: (Score:2)
Right. If banging two rocks together to make a spark is technology then surely an airplane qualifies, no?
Re: (Score:2)
Sure an airplane qualifies, but TFA is about the financials of a company that doesn't make, improve or even maintain airplanes, it just leases them and hires third parties to fly them around.
Re: (Score:1)
Spirit should shove AI into their planes to attract gullible investors.
Re: (Score:2)
Agree, slashdot is flying towards irrelevance.
Re: (Score:2)
Well, there are some really bad comedy skits on YouTube that feature Spirit. But, beyond that, no, I can't think of anything tech-related about it. And that includes their aircraft.
Um, plane nerds? (Score:2)
Dude it's news for nerds stuff that matters. Apart from the obvious this matter is there are tons of nerds really into airplanes. For god sakes there is a large community of nerds that run their own virtual air traffic control systems.
It's not my particular nerd fandom but I certainly respect it.
Doom Loop (Score:2)
The going concern warning is required under various financial reporting rules, but it can be a self-fulfilling prophesy in an industry like this. Why would anybody buy a ticket on Spirit more than a few weeks out when there's a risk the airline goes under before the plane flies and you end up as an unsecured creditor? Even worse, you could end up getting the outbound segment and then being stranded before the plane returns if the airline ceases operations.
Re: (Score:2)
> Maybe because the rest of the world doesn't want to visit your shithole country anymore? 'Merica First!
I really hope this is true. We're pretty fucking tired of their shit too. I won't have to learn how to say "don't stop in the middle of a crowded sidewalk you shithead" in multiple languages.
Spirit/Ryanair lower prices (Score:1)
for many many people who fly. Even if you refuse to set foot on a Spirit or Ryanair plane, their cheapskate fares promote competition with less awful carriers who fly the same or similar routes. So I would love to see Spirit and Ryanair keep flying.
I have a solution (Score:1)
So raise your damn prices. It'd solve the problem with your customers being hood as alcoholics and mentally ill people too, as it'd price them out.
Credit Cards (Score:3)
One thing the budget airlines have encountered is that the big airlines these days make most of their money hawking credit cards. The budget airlines try this too, but their more limited destination roster makes it much harder to compete with the Big 3 airlines on credit card setups, and their relative lack of heft means they don't get as good of a deal with the financial institutions on the cards they do sell.
And nothing of value was lost (Score:2)
I mean, it's Spirit. Their value to the society is a net negative.
GOIN UP / TO THE SPIRIT THE SKY (Score:5, Insightful)
I guess service from the mainstream carriers has finally gotten so bad that there's nothing that the budget carriers can cut to treat passengers more shoddily for cheaper prices.
Re: (Score:2)
> I guess service from the mainstream carriers has finally gotten so bad that there's nothing that the budget carriers can cut to treat passengers more shoddily for cheaper prices.
They just need to get more creative. Maybe they need to offer "seats" in the cargo hold, or add a trailer to the back of the plane. They could zip tie a few seats to the wing and sell them as "adventure" or "unobstructed view" seats. They could start taking bets on which part of the plane will fall off mid-flight. So many options!
Re: (Score:2)
Actually, the mainstream carriers bringing the fight to the budget carriers with "basic economy" fares is a lot of their problem. Many times, "basic economy" is priced similar to Spirit (especially once you factor all the gotcha fees Spirit is known for), but you at least have the infrastructure of a larger airline in case something goes wrong. If a Spirit flight is cancelled, there may not be another flight you can get on anytime soon. If a United flight is cancelled, they can probably find an alternative