Spirit/Frontier Merger (Again)
11-18-2024 | 01:36 PM
#151
Line Holder
Joined: Mar 2021
Posts: 1,768
Likes: 28
Spirit doesn't even know their own numbers.
I suspect things are bad. Like, bad. As in, we need to re-state our numbers.
I doubt they exit Ch.11 anytime soon, despite any company-produced "plan" that says they come out in early 2025.
This is not Bidens fault, not DOJ's, not Big-3, not JetBlue. They haven't turned a profit since 2019. Travel is BACK.
They haven't made money.
It is what it is.
Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.
I suspect things are bad. Like, bad. As in, we need to re-state our numbers.
I doubt they exit Ch.11 anytime soon, despite any company-produced "plan" that says they come out in early 2025.
This is not Bidens fault, not DOJ's, not Big-3, not JetBlue. They haven't turned a profit since 2019. Travel is BACK.
They haven't made money.
It is what it is.
Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.
11-18-2024 | 01:54 PM
#152
Line Holder
Joined: Mar 2017
Posts: 267
Likes: 8
Spirit doesn't even know their own numbers.
I suspect things are bad. Like, bad. As in, we need to re-state our numbers.
I doubt they exit Ch.11 anytime soon, despite any company-produced "plan" that says they come out in early 2025.
This is not Bidens fault, not DOJ's, not Big-3, not JetBlue. They haven't turned a profit since 2019. Travel is BACK.
They haven't made money.
It is what it is.
Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.
I suspect things are bad. Like, bad. As in, we need to re-state our numbers.
I doubt they exit Ch.11 anytime soon, despite any company-produced "plan" that says they come out in early 2025.
This is not Bidens fault, not DOJ's, not Big-3, not JetBlue. They haven't turned a profit since 2019. Travel is BACK.
They haven't made money.
It is what it is.
Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.
11-18-2024 | 02:12 PM
#153
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,618
Likes: 558
From: Engines Turn or People Swim
That's for sure. There is no alternate reality where a judge imposes adverse terms on the lessor and the debtor gets to keep the planes... the lessor simply repos their planes if their original contract is breached.
The planes remain their property at all times.
Similar would apply for owned but mortgaged assets, if the assets are designated collateral.
The planes remain their property at all times.
Similar would apply for owned but mortgaged assets, if the assets are designated collateral.
11-18-2024 | 02:13 PM
#154
Line Holder
Joined: Mar 2021
Posts: 1,768
Likes: 28
11-18-2024 | 02:42 PM
#155
Line Holder
Joined: Jul 2009
Posts: 688
Likes: 0
11-18-2024 | 03:16 PM
#156
Line Holder
Joined: Mar 2020
Posts: 302
Likes: 8
So many definite statements from those who have only opinions. I for one, feel like it’s the first time since the nk/b6 attempt failure that spirit has had some definite answers. There is nothing to
make one believe that they will be sold “In pieces” there is nothing to make one believe they won’t emerge from chapter 11 stand alone. For once, there are answers. For once, there is some feeling of direction.
make one believe that they will be sold “In pieces” there is nothing to make one believe they won’t emerge from chapter 11 stand alone. For once, there are answers. For once, there is some feeling of direction.
11-18-2024 | 03:21 PM
#157
Gets Weekends Off
Joined: Nov 2012
Posts: 3,730
Likes: 68
From: 1900D CA
Covid and post-covid changed so much in the economy. Think $6000 Taylor Swift concert tickets. That sh|t didn't happen in the pre covid economy. The complex shifts in the market have hurt the ULCCs and helped the legacies. Markets move, economies change, businesses adapt. Spirit was a victim of a lot of things.
11-18-2024 | 04:00 PM
#158
Line Holder
Joined: Mar 2017
Posts: 267
Likes: 8
You literally said:
”Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.”
You’re blaming them, but you can’t even explain how they’re at fault. Sometimes it doesn’t hurt to tone down the juvenile “screw management” shtick. It’s a bad look.
”Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.”
You’re blaming them, but you can’t even explain how they’re at fault. Sometimes it doesn’t hurt to tone down the juvenile “screw management” shtick. It’s a bad look.
11-18-2024 | 04:04 PM
#159
Line Holder
Joined: Mar 2021
Posts: 1,768
Likes: 28
You literally said:
”Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.”
You’re blaming them, but you can’t even explain how they’re at fault. Sometimes it doesn’t hurt to tone down the juvenile “screw management” shtick. It’s a bad look.
”Their management drove the ship into this iceberg. THEY are to blame. Time to hold management accountable for their actions.”
You’re blaming them, but you can’t even explain how they’re at fault. Sometimes it doesn’t hurt to tone down the juvenile “screw management” shtick. It’s a bad look.
It's a bad look.
11-18-2024 | 04:22 PM
#160
Line Holder
Joined: Mar 2017
Posts: 267
Likes: 8
Last edited by BobSacamano; 11-18-2024 at 04:42 PM.
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