Originally Posted by
Midsomer
Finally what changes with a 500 million dollar investment? Does spirit cut deeper to make themselves smaller? That results in job losses also but as long as it doesn’t get you then that okay? The business fundamentals of spirit don’t work. While it may have in the past, the other carriers adapted while spirit didn’t. It’s a business model problem at spirit not a fuel problem. Fuel has only accelerated the fall.
Spirit has a $450M DIP financing repayment due in July. This lets them pay that off and it they can get to profitability by July lets them possibly exit BK. But its not like they just get to keep $500M to keep burning and not pay back the DIP loans.