Originally Posted by Andy

Spirit's selling off in part because they have huge planned CapEx. Spirit's taking delivery of 48 a320neos in 2020/21, with a ~$1B price tag for 2020. From Spirit's last earnings report: Spirit ended the year with unrestricted cash, cash equivalents, and short-term investments of $1.1 billion.
There's a reason why investors are exiting SAVE a bit faster than the legacies and it has nothing to do with being a small cap.

The good news is that the NY Fed just basically wrote a blank check for unlimited liquidity into the markets (let's just call it QE on steroids) so that there should be credit available for most companies.

Let's not play the 'my airline's feces doesn't stink' game. Every airline's feces stinks terribly right now.