Spirit Airlines issues warning to flight attendants

Spirit Airlines has issued a stark warning to its employees, signaling that the low-cost carrier could face a shutdown unless it secures additional funding. Although the airline’s CEO is downplaying the severity, internal communications show flight attendants are being advised to brace for financial turbulence.

Filing raises alarms  

In a recent filing with the Securities and Exchange Commission, Spirit Airlines disclosed serious concerns about its future. “Because of the uncertainty of successfully completing the initiatives to comply with the minimum liquidity covenants and of the outcome of discussions with Company stakeholders, management has concluded there is substantial doubt as to the Company’s ability to continue as a going concern within 12 months from the date these financial statements are issued,” the company said. The airline indicated it would need to raise more capital to avoid collision and outlined plans to potentially sell aircraft, real estate or airport gates to produce the funds.

CEO’s statement 

Spirit Airlines CEO Dave Davis responded to growing concerns by offering additional context to the language used in the filing. “Yesterday, we filed our 10-q, outlining our second quarter 2025 financial results. This filing generated media coverage and, naturally, a lot of questions,” Davis said in a statement. “The report uses the phrase ‘substantial doubt about the Company’s ability to continue as a going concern.’ This is a phrase required by our outside auditors to convey that there is risk if we do not make changes. But, we are.”

Spirit Airline’s plan

Davis emphasized that the airline is already taking steps to stabilize its operations and financial outlook. He explained that the company is “moving away from the elements of the business that no longer work.” Instead, the company is “strategically growing our network in stronger markets with more opportunities and making some difficult decisions like re-evaluating unprofitable routes.”

Flight attendants warned 

Despite the CEO’s reassurances, flight attendants are receiving internal warnings to take their personal finances seriously. In a memo sent by the Association of Flight Attendants, crew members were advised to review their financial situations. “We need to be direct,” the memo stated, per Paddle Your Own Kanoo. “Spirit is in a fragile financial position, likely more so than at any point in the previous 24 months. We urge you to take an honest look at your personal situation, examine all your options, and prepare for all possible scenario. … Use this time to assess your financial situation and begin strategizing how best to weather the financial impact that flying cutbacks may have on your household.”

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