Originally Posted by
DrJekyll MrHyde
I think Chapter 7 liquidation is a bold forecast. And I don’t agree with her assumption that “no other airlines will step up” to offer a merger. I guarantee Indigo/Frontier is still interested and they like their chances. Virtually all the arguments made by the judge are not applicable in a Frontier-Spirit Merger. Merger agreement 2.0 coming in 2024, approval in 2025. And really fair chance the White House changes hands at the end of 2024, which would ensure DOJ approval.
There might not be much left to buy at that point. Spirit just sold off planes, deferred deliveries, and attrition will probably uptick again. Unless Ted has some sort of magic plan to turn it all around, it doesn't look very good.