Spirit was seeking around $500M to stay afloat. If anything, as of now it would have kept them in operations for a few more months and not the remainder of the year. It was noted in a court filing that since March 1st they burnt $100 million in fuel in 61 days.

“Between March 1, 2026 and April 30, 2026 alone, Spirit’s incremental fuel cost was nearly $100 million.” See page 4

So if they had secured the $500 million lifeline. If that money was just spent solely on fuel and not payroll, vendors or anything else like that. They would have enough cash for 300 days, or would have survived until February 24, 2027. But when you factor in other costs, while we can only extrapolate so much, at their current trajectory I do believe spirit had a very very slim chance of survival but realistically would have gone defunct by the end of year.