the shortest possible answer is “the short answer to your question, Henry, is it's difficult for me to envision spirit as a standalone airline entity in two to three years' time.”


They talk about how the sum may be less than the parts, the gates and slots aren’t cut and dry, it’s unclear how much value is actually in the owned/financed airplanes, they borrowed against a loyalty program that is not very valuable, maintenance hangars and buildings….It’s all difficult to truly quantify and unclear how it will turn out. Reaffirmation or possibly new information to some regarding the previous and current bankruptcy. They go back in time to discuss the merger, unintended consequences, lack of push by Ted in the failing airline argument, the red flags signaling trouble even when the airline stock was at $20.

I can only hope for the best for the Spirit team whether the decision is made to stay or go. It’s precarious but not over yet.