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Spirit Airlines Lost $327 Million In Its Final Full Month — A $500 Million Bailout Wouldn’t Have Saved It
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Spirit Airlines Lost $327 Million In Its Final Full Month — A $500 Million Bailout Wouldn’t Have Saved It
Spirit Airlines’ final bankruptcy filing makes the blame game look beside the point: in its last full month, the airline lost $327 million and had just $72 million left in unrestricted cash. Even the proposed $500 million taxpayer bailout would not have saved it for long, because Spirit had not found a business model where customers would pay enough to cover its costs.
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