Originally Posted by
MaxQ
You are correct Cargo.
But it was the immediate and proximate cause.
It doesn't have to be even "blaming the administration".
It was in response to Vax saying the predictions of furloughs hadn't come to pass. Well, they now have. It was the proverbial straw and it is pedantic spin to try and say that "well they don't count" because they were already sick.
I worked for one of the 3 majors that closed their doors in Nov. 1991.
It is quite likely that none of them would have been in business by the end of 1992.
But it is an empirical fact that the first gulf war was the reason that the shut down occurred in Nov '91.
It is disingenuous to say elsewise.
Cool stories. But there were no furloughs at Spirit, as a matter of fact they were Interviewing potential First Officers up to last Thursday. So you are still wrong.
They liquidated simply because they ran out of cash. This was going to happen whether gas prices went up or not. Their business model was not sustainable without an influx of cash every few months. They knew that and tried to merge with another airline...... until Biden foolishly put a stop to that under some misguided anti-competitive belief. How well is that working out now?
You also realize that there have been furloughs over the past few years even when other airlines were hiring right? In addition to Spirit, Avelo and Omni furlough ted. I am sure there were a few others. This was before the price increase.
The point the other posters are making is we all knew what you meant with your ridiculous original prediction, we would see furloughs industry wide. Well that hasn't happened yet. Sorry not sorry