<div id="readability-page-1"><div>Budget carrier Spirit is worried about cash mere months after emerging from bankruptcy. Fallout from a blocked $3.8 bln sale to rival JetBlue contrasts starkly with interventions like the one in Adobe’s deal to buy rival Figma. It’s a reminder about the importance of tailwinds.Full view will be published shortly.Follow Jonathan Guilford on X and Linkedin.CONTEXT NEWSSpirit Aviation, the reorganized successor to ultra-budget carrier Spirit Airlines, said on August 11 that there is “substantial doubt as to the company’s ability to continue as a going concern.” It cited higher domestic flight capacity and weaker demand for leisure travel.A judge blocked JetBlue Airways from acquiring Spirit for $3.8 billion in January 2024, after the suitor had prevailed against rival Frontier in a bidding war. Frontier subsequently offered to buy Spirit, but was rebuffed.</div></div>

SAVEQ

Budget carrier Spirit Airlines faces financial uncertainty after a blocked $3.8 billion acquisition by JetBlue, raising concerns about its ability to continue operations. The airline cited increased domestic flight capacity and decreased leisure travel demand as factors contributing to its precarious situation. This follows a competitive bidding war where JetBlue outbid Frontier for Spirit, only to have the deal halted by a judge.

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