Originally Posted by
Bluedriver
Spirit is failing because the low end customer is running out of COVID money???
Spirit hasn't been profitable since the very beginning of COVID. They were profitable generally before COVID. So were those pre-COVID customers just spending free government COVID money? Is all your analysis this good?
And the failing economy? America just reported 4.9% GDP growth. Best in the industrial world, and high by any historical norms, even with high interest rates (which are high to try and slow the economy down).
But keep going, you're very helpful.
I would just like to point out some facts here. Auto-loan delinquencies are the highest they've ever been in history, and credit card debt is soaring past 1 trillion dollars with delinquency rates rising rapidly. Do with that information what you will.