Originally Posted by
captscott26
The ac in Sep, and the first three in Jan-Mar 2011 are confirmed(PDP paid). BBB says 5 total coming next year, but I have heard through some other sources that it MAY be up to 10 or 11 total(depending on what kind of lease deals they can work out). Thats all I know for now.
And now you may all know one theory as to why Spirit keeps posting profits...
Spirit's credit rating fell in the toilet back in 2008. They have to show profitability to have a fighting chance at attracting favorable financing to enable the airline to sustain slow, measured growth. The credit markets are still very difficult for small companies like Spirit, and will most likely get tougher for other companies also.
They also have to show lenders they have a plan for getting back market share that was lost when the airline gave back 7 airframes. So far, they seem to be convincing lenders their plan may work.