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Old Today | 06:58 AM
  #45  
FriendlyPilot
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Joined: Sep 2020
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Originally Posted by JoeBlo
So what’s going to change if spirit gets the 500 mil?

they all of a sudden going to be profitable?

Im all for saving jobs but spirit management squandered profits away for years when every other airline made **** tons of money. That behavior does not deserve a govt handout reward.
If Spirit gets $500M they will be able to repay the DIP financing ($450M) and then close their doors. At least Citadel will get their money back.
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