Yeah this place is in a lot of trouble. Remember they originally expected cash positive q2 and q3. They thought their moves with pratt, deferrals, and furloughs etc. would save about a half billion in cash this year. They're already chewing into those supposed savings. Being real, they dont have a way out of this that isn't bankruptcy, and i wouldnt be surprised if that is coming very soon. Can only hope there is something that another company would want enough to assume the kind of debt Ted has created, and then the government would have to approve a bankrutpcy acquisition.

Could see Indigo organizing a deal that results in an asset sell and the remains taken private. I dont think the stock has any chance of avoiding delisting with a bankruptcy, but i also know nothing.

From what i can see, roughly 65% of Spirit aircraft are leased, leaving 35% of the fleet remaining for sell/leaseback or outright sell.
70 NEOs down q1 with a turnaround time nearing 400 days.