Those rumors of Spirit shutting down and canceling all flights ended up being totally false

Core Viewpoint - Spirit Airlines is facing significant financial challenges, including a potential shutdown, but has secured short-term financing to continue operations and restructure its business [1][2]. Financial Situation - Spirit Airlines filed for bankruptcy for the second time in August 2025 and is projected to incur a loss of at least $804 million by the end of the year [1]. - The airline has recently furloughed or downgraded over 500 pilots as part of its cost-cutting measures [1]. Operational Developments - In response to shutdown rumors, Spirit Airlines stated that it is not preparing to cease operations and announced a $100 million short-term financing package from investors [2]. - The financing includes $50 million in debtor-in-possession funding available immediately, with the remaining $50 million contingent on progress in restructuring efforts [2][5]. Restructuring Efforts - Spirit Airlines is actively negotiating various options to improve its financial situation, with support from lenders as part of its transformation [3]. - The recent financing update is part of a larger $450 million debtor-in-possession financing plan approved by a bankruptcy court [3][4]. Future Outlook - The airline continues to operate flights and sell new tickets while securing new funding, indicating ongoing efforts to stabilize its business [5].