Originally Posted by
Planedrive
Based off the company data presented to the union it looks like we are about 18 months away from bankruptcy. Spirit shrinking may help but 30 additional aircraft we can’t fill with passengers over the next year may accelerate that. The flood of basic economy from the legacy airlines seems to be the nail in the coffin.
I agree with this analysis.
I came up with between 15-21 months depending on whether or not F9 taps into their $205M line of credit. I also went with status quo numbers with no fuel cost changes, no market surprises, no new pilot contract.
For monthly outflow, I took their 6-month spend listed at the end of June and converted it to monthly.
Source for $205M in credit is here:
https://ir.flyfrontier.com/static-fi...1-abc6b2ba1a37 (Page 12/13).