Spirit Airlines Lost $327 Million In Its Final Full Month — A $500 Million Bailout Wouldn’t Have Saved It

Spirit Airlines’ final bankruptcy filing makes the blame game look beside the point: in its last full month, the airline lost $327 million and had just $72 million left in unrestricted cash. Even the proposed $500 million taxpayer bailout would not have saved it for long, because Spirit had not found a business model where customers would pay enough to cover its costs.