Originally Posted by
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I would imagine every carrier out there is running the numbers on making an offer to purchase. You just never know what will transpire and where things will end up.
It can't be bought for the market cap though. That is just the outstanding stock. I'd bet $100, those who invested during the bankruptcy have a majority share and the stock is just like 10% ownership or some such. Buying all outstanding shares will not result in taking control of Spirit.
This is an easy one. There is no value there and you are just buying $2B in debt that has to be satisfied. There are no assets and integrating crews, reconfigurating planes, etc would be painful. The most likely choice is that everyone is waiting for the CH7 liquidation to buy some assets at a discount without the debt of the whole enterprise. Probably some gates and possibly planes. This is why the other airlines stocks were up 10% yesterday and Spirit was down 40%. Nobody will "acquire" Spirit because its not actually cheap. Its incredibly expensive. The best thing for any airline would be its largest competitor buying Spirit in whole. It would be a huge drag on their business.