Originally Posted by
RippinClapBombs
“Well, well, well.. how the turntables...” Michael Scott.
You’ve suddenly disappeared into the shadows of the abyss from the AAL BK thread. When did Excargodog’s start going into hibernation? When you decide to claw yourself back up can you “pretty please” give us your brilliant intuition on the probability of Spirit filing BK? Joking of course, please don’t.
Spirit going bankrupt may mean liqudation. In this market/environment, their assets have actual value unlike Covid. Creditors will get more value from selling off their assets than taking a xx% loss on their debt holdings and doing a reorg. With a half a decade wait for new Airbus jets, theirs would be in high demand.
I wouldn't in a million years have guessed Spirit would be this close. Their market cap is now down to $600m - jetblue offered $3.8b.
jetBlue needs to take the W! As the saying goes, better to be lucky rather than good.