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Spirit Aviation Holdings Inc (NYSEAMERICAN:FLYY) has warned of “substantial doubt” about its ability to continue operating, citing weakening demand and the need for additional cash to meet debt and credit-card processor requirements. The budget carrier said travelers have cut back on flights since President Donald Trump announced tariffs, and it may sell aircraft and airport gate rights to raise funds as collateral.

Spirit Airlines warned of "substantial doubt" in its ability to continue operating. It cited weakening demand, with people cutting back on travel since Trump announced tariffs.

The airline issued a going-concern warning in its quarterly filing, months after emerging from bankruptcy, The budget airline icon has tried to attract bookings by marketing more upscale products like premium economy.

Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy as weak domestic demand and dwindling cash reserves strain its operations.