Originally Posted by
PeakEGT
We want to be profitable but we are facing a large break up fee so please help us cut costs because we misjudged again. The town hall had a few red flags where in short the labor groups need to understand we are a low cost airline. New CEO even laughed that our outgoing one will travel on us on his time
off unlike others.
The $400M breakup fee is almost all paid in prepayments to SAVE shareholders.
We are still on the hook for $70M to Spirit directly.