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I don't know Spirit's business very well but we are also entering the slow months of the season. It gets better around late Nov for about 30 days, but late August-September-October are very slow months from an airline perspective.
They basically lost $250m during peak pricing season.
If you lost $250m during the summer flying the next quarter is going to really hurt. With the amount of cash on hand and the current burn rate maybe 6 months left? They are needing to sell 20+ additional planes to keep the business viable so I’ve read. Looks like selling planes and sending pilots to the house is the current game plan for management. Sad deal for everyone involved. I’ve heard United is hiring 2000+ in 2026, Delta and American are hiring possibly hiring 1000+ and last word from SW is hiring 500-600. I hope every furloughed pilot and every pilot at Spirt for that matter gets hired at the airline or their choosing and soon. Good luck guys!