[QUOTE=Qotsaautopilot;3151663]
Originally Posted by
Excargodog
Agree, but a $2.3 million a day burn with over $2 billion In liquidity gives Spirit substantial time for recovery.
No matter how much liquidity (much of it debt) they have they won’t want that cash to burn for long. If the passengers don’t come back by summer things will happen. If any of the big airlines file for bankruptcy before then things will happen sooner.
Well, clearly The Big Three are in trouble with the lack of business and international flying and multiple fleet types. Way too many aircraft inappropriate for typical domestic flying sitting parked somewhere while their normal pilots are furloughed (or about to be) and their most expensive pilots (highest hourly wage and most vacation time) are getting the first new type rating they’ve gotten since they left 727s. I’m reasonably certain the LCC/ULCC model will be doing fine by Q2 2021, not 2019 numbers, but making money.
And while it is certainly possible for a Big Three bankruptcy to have ripple effects - and I personally believe it would - I think it woukd likely not hit the LC/ULCC people until contract amendable time.