Does the Balrog from Lord of the Rings have wings?

Does the Balrog from Lord of the Rings have wings?
Does the Balrog from Lord of the Rings have wings?

This controversy seems to stem from the tragic encounter with the Balrog on the Bridge of Khazad-Dûm described in the FOTR. The text reads, “…the shadow about it reached out like two vast wings,” and later, “…its wings were spread from wall to wall.” Yet, Gandalf’s description of the defeat of the Balrog in The Two Towers suggests the it was unable to fly: “he fell from the high place and broke the mountain-side.” Did Gandalf so destroy the Balrog that it was unable to fly to save itself? Are Balrogs the penguins of Tolkien’s universe? Were the wings merely a simile? In his foreword to the second edition, Tolkien admits that he “finds many defects, minor and major,” but “will pass over these in silence.” So perhaps this is one of the minor defects of this otherwise brilliant epic.