Just months after restructuring its debt in Chapter 11 Bankruptcy, Spirit Airlines has warned investors that its continued existence in the next 12 months is threatened. In the company's 10-Q quarterly filing with the Securities and Exchange Commission (SEC),

The demise of the low-cost carrier could have detrimental effects for airline passengers, whether or not they have ever flown on a canary yellow plane.

Low-cost carrier Spirit Airlines expresses substantial doubt about continuing operations within 12 months after debt restructuring and bankruptcy exit.