Happy for Spirit bros, hopefully it works long term and isn't just delaying the inevitable. However, this creates a pretty bad precedent and moral hazard. Basically encourages corporations to take excessive risk and not worry about failing because Uncle Sam (taxpayers) will be there to save you. I thought we were against corporate welfare?

Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.

Covid was a unique worldwide event, so I don't think parallels to that can be drawn.