Originally Posted by
FriendlyPilot
Q4 is Oct, Nov and Dec. Spirit is already $96M in the hole for Q4. They'd have to rebound pretty sharply to become profitable for the quarter. Also last year Frontier made about $40M in Q4 and Spirit lost $580M in Q4 so they don't really track each other like that. They have had over a year now since the first filing and they still haven't shed enough debt or restructured enough to find a way to make money. Anything can happen, but they are not starting off the quarter very well.
Spirit is going to be sold, and that has been the plan all along. What they’re doing now is uplifting their enterprise value and strengthening their failing‑firm defenses so anyone can buy them at the highest price possible, and the pilots now have a direct financial stake in that outcome.