Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its future ability to stay in business. Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern within the next year — which is accounting-speak for having the resources needed to sustain operations.

Spirit is the first major US airline to enter Chapter 11 bankruptcy since American Airlines in 2011 () Spirit Airlines warned Monday that despite emerging from bankrup

Spirit Airlines stock crashes as the airline warns it must raise fresh capital to survive as a going concern. Here’s why investors should sell FLYY shares immediately.