Just like to say that, just because a Balrog might have wings, doesn't mean it can use them. If the Balrog is just a corrupted form of a Maiar by Morgoth, then it might suggest that a Maiar is somewhat angelic in appearance. This would mean that a Balrog's wings would be bare and useless. In conclusion, IF a Balrog did have wings, they would probably be shriveled and barren, and do nothing more than to remind an unfortunate viewer of the demon's past status.
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Horseman of the plains
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