Originally Posted by
FangsF15
This is an incredibly biased and willfully ignorant take.
You know exactly what was meant by wild predictions of, “furloughs!!” Trying to tie an elderly patient already on double life support to ‘furloughs’ to justify your worldview on the issue seriously lacks credibility.
Responding to you as a commenter.
Not true at all.
1. Was Spirit in trouble? Obviously.
2. Did they have a post bankruptcy plan that would have worked? No idea.
But I do suspect it was based on fuel prices staying somewhat stable. As they had been for at least the previous 2 to 3 years.
3.Was there a crisis immediately prior to the fuel spike? No, there wasn't. The company and creditors had reached an agreement just prior to the war.
4.Would they be operating today if fuel costs hadn't surged? Almost assuredly they would be.
I have no idea if Spirit was viable long term.But the immediate cause of their running out of cash was the spike in jetA costs.
The spike in the price of jet fuel is a direct result of the current war with Iran.
The above is pretty much objectively factual. It is seperate from my world views and biases.