Spirit Flags ‘Substantial Doubt’ About Its Survival
Carrier posts $317 million loss and warns it may not remain a going concern within one year.
Carrier posts $317 million loss and warns it may not remain a going concern within one year.
The carrier cited rising travel demand and more favorable pricing.
Alaska Air Group advised investors this week that its third-quarter earnings will be “at the low end” of its previous guidance.
After posting a hefty second-quarter loss, the ultra-low-cost carrier is now warning about its ability to continue operating over the next year.
During Frontier’s recent second-quarter earnings call, CEO Barry Biffle expressed confidence in the airline’s long-term position.
American Airlines on Thursday warned of a potential financial loss in the third quarter of 2025 and issued cautious, wide-ranging full-year guidance.
Delta on Thursday reinstated its full-year financial guidance for investors, setting lower targets than were predicted back in January.
Qatar Airways produced its strongest ever financial results in the 2024-25 fiscal year, mainly due to continued strong demand in its market.
Emirates scored record revenues and profits owing to high customer demand, and company officials said they are rewarding employees with a 22-week bonus.
The Chicago-based airline stated it will reduce domestic capacity by 4% from its original plan starting later this year.