Spirit Airlines, taking steps to cut costs and find new streams of revenue, is working through a network optimization and “leaning very heavily” into where it does well. Meanwhile, its cash burn is being watched closely.
Credit: Matt Gush/Alamy Stock Photo
After voicing substantial doubt about its ability to continue as a going concern for another 12 months, Spirit Airlines is pulling out all the stops in a bid to steer the business back to profitability. Spirit’s challenges are steep. Overcapacity in domestic leisure markets has put pressure on its...
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