Originally Posted by
ShyGuy
You can only blame the govt for so much. Ultimately, Spirit lost money since 2020 with no end in sight. Millions and millions in management bonuses and nothing to show for it. They even said a standalone Spirit is viable.
A tax-payer funded bailout is a dangerous precedent. Then any LCC carrier with bad management will claim victim status and ask for a bailout.
And Frontier and Avelo are asking for a similar deal worth $2.5B in exchange of ownership warrants. Pandoras box. In the end I dont think any of this happens because with more airlines asking, it becomes even murkier.
On top of that, Reuters had an article today that propping up Spirit will in turn hurt JetBlue's return to profitability....so I guess another bailout for JetBlue to make up for that.
https://www.reuters.com/business/big...ource=facebook