Originally Posted by
Buzzlightyear
Worst case scenario is we end up like GM and Ford during 2008. Taking loans from the government. The banks were in a similar spot where they were forced to re capitalize but against their will. Mnuchin has been in contact with airline management about funding. The good news is the corporate malfeasance is not present like it was with the banks back then. Yes we did the buybacks but most people don’t care about that crap. Public perception is meaningful.
The US Government needs AA, Delta, and United. We operate a large fleet of widebodies they literally depend on in case of war. We also operate into and out of many military locations and move troops around internally. Spirit isn't going to be able to fill that void.
I'm not saying we're going to remain our current size but my point is the US Government has a vested interest in our continuing operation.