Originally Posted by
Lincoln Osiris
You say spirit is not too big to fail, I say it is. That is why I was suggesting reading the DOJs arguments from the trial.
And you are correct, air travel has grown significantly since1990 and the number of airlines has shrunk drastically which hasn’t worked out great for the consumer. If we had 20 some odd airplanes like Silver I’d say yea sure we probably wouldn’t survive. But 200? I’m not so sure. Which is why I believe worst case is we have to end up merging with Frontier but hopefully someone better.
Different DOJ today. Different administration today; the current government isn't going to loan Spirit money.
I can understand waiting until Q2's earnings are published, but if the quarter's not profitable, that's a huge problem for Spirit being a going concern.
Perhaps Spirit can find additiional capital somewhere should they run out of money. Perhaps they'll go through bankruptcy a second time, but that requires a certain amount of cash on hand to be able to do that.
As for too big to fail, we'll just have to agree to disagree.
Originally Posted by
Lincoln Osiris
It’s just people that have left NK hoping their decision is justified and they didn’t screw themselves. I get it, but I could never stoop to their level of scum. But it’s easy to be a keyboard warrior.
I never worked at Spirit.
I sincerely hope that you and everyone else currently at Spirit have an actionable plan should Spirit close its doors.