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
Makes sense, these current furloughs are still the beginning. Betting our older planes will be sold next year for more liquidity and management will continue to burn the furniture to keep the lights on until there’s nothing left.
Strap in kids.