Spirit is broken
The bright yellow livery of Spirit Airlines may soon disappear from the skies. The country's seventh-largest airline has been in financial trouble for years: It hasn't turned a profit since 2019 and filed for bankruptcy twice in the last two years. Despite all that, its leaders predicted that the airline could exit bankruptcy and return to profitability as early as 2027. It just needed time and a little stability to do so.
That time may have run out. On Monday, April 20th, Spirit approached the government to ask for a federal bailout. The sudden rise in fuel prices caused by the war in Iran will add an estimated $360 million in unexpected c …