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Old 03-29-2024 | 03:34 PM
  #63  
Flika
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Joined: Nov 2022
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Originally Posted by Noisecanceller
How in the world is it $150-200m in liquidity. How do they not know how much cash they are getting??
Reminds me of the old Mitch Hedberg joke:

"I saw a billboard for the lottery. It said, "Estimated lottery jackpot 55 million dollars." I did not know that was estimated. That would suck if you won and they said, "Oh, we were off by two zeroes. We estimate that you are angry."


But on a more serious note, it's probably because the days each plane is out of service varies and it seems like it is a variable payout based on that. From the SEC filing: "The estimated impact of the Agreement on Spirit’s liquidity is currently expected to be between $150 million and $200 million, primarily determined by the number of days accumulated in 2024 in which Spirit aircraft are unavailable for operational service due to GTF engine issues."
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