Originally Posted by
El Peso
Unless they beat the street, Spirit is going to be posting losses again. Maybe we should head over to their thread and start speculating about a bankruptcy?
What bankruptcy? NK stockholders just agreed to sell to B6 for $3.8 Billion.
Oct. 19, 2022Investors in Spirit Airlines voted on Wednesday to sell the carrier to JetBlue Airways, a combination that could reshape the airline industry in the United States by creating a more viable competitor to the four dominant carriers.
The
preliminary vote results represent a victory for JetBlue, which has struggled for years to find a path to rapid expansion and whose surprise bid for Spirit disrupted an earlier offer by Frontier Airlines. The airlines said they expected to close the acquisition, which
values Spirit at $3.8 billion, no later than the first half of 2024.
So what’s the current stockholder equity in AA?
Minus $8.4 Billion last time I looked.