Originally Posted by
FriendlyPilot
Spirit stock down 40% today and all the other airlines are up 8%+. The market is predicting that Spirit is not going to be a competitor anymore. I wonder if the news will cause people with current tickets to cancel or book aways? Ticket holders aren't secured creditors in CH7, so they won't get refunds on tickets they have purchased.
1000% it will. When the company states they have “substantial doubt” about staying in business, who is booking their family vacation on that?