All this legacy buying Spirit talk was just hypothitical and most likely wont happen, but I see the ULCC model is going away. Companies will adjust. F9 is already moving away from it, Spirit will as well. Spirit will probably have new financing "contingent" to a new model change to show they will beable to bring in new/higher revenues that will beable to service the new longterm debt. Let's face it, thats how business and the financial world works (kick the can down the road with new debt) The old creditor will get paid off with a new creditor and on we move until new debt is acquired 5-7yrs from now. At the end of the day, Spirit will stick around.. worse case scenario is Chapt 11, reorganize and come out better. But, a good chance it wont go Chapt 11 either if they get new financing with a new business model. Spirit will be exiting the ULCC model. Also a good thing for new contract negotiations for the future if Spirit exits the ULCC model with a much higher revenue stream... Legacy rates wont be too far off if this happens What should we call the new Spirit 1st class cabin??