Originally Posted by
Halon1211
“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
WSJ was leaked the 12b news ahead of time. Only a few folks have access to info like that.
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg! And shareholders approve it quickly and sale happens while administrations changes. Nobody from Biden admin will challenge it and would be too late for Trumps team to stop it. Spirit has most of all systems ready based on the almost sale to jet blue.