Originally Posted by
Macjet
Had it not been for CARES/CARES2/PAP it's quite possible that Spirit would have been the only airline that wouldn't have furloughed.
And now Uncle Sam is still writing payroll support checks, which Spirit is gladly accepting, and using to fuel our growth. Not a bad deal for Spirit. PSP2 covered Spirit’s losses for the upcoming quarter, total losses. So it’s not even payroll support, it’s “total losses support”, allowing Spirit to tap into their proportionally ample cash reserves for growth.
Thanks Gov’ment for that cheese