https://simpleflying.com/us-airline-recovery-winners/?fbclid=IwAR0tpNfD8p1M0IixIVVn9xp-t5C2F9kD3yorTcGyR40GqWg3DOpJ23bcwxs

I don’t know how anyone looks at that data and puts Allegiant and Frontier in the headline but cuts Spirit out.

wha wha

Frontier, Allegiant and Spirit lead the airline recovery push. There ya go...

Looks like AA and JB too

https://uploads.tapatalk-cdn.com/202...02f61c01a4.jpg

Important to note that is just capacity being offered.

Right. Doesn’t fit with your narrative.

Pretty simple, who needed the bail out the most? Opinions are one things, numbers are another!

Personally I am glad thing are on the upswing now for everyone.

So the numbers are: no outstanding loans and everyone took the free grants.

What I am trying to say, who needed it the most? Certainly not the ULCCs

this hasn’t played out yet. Everybody incurred debt - some more than others - and most saw share dilution. Most companies are unlikely to generate a cash flow in the next few years that will permit them to pay off tranches of bonds as they mature meaning they will need to refinance that debt in a few years (or less). Bonds on used aircraft may not (or may) be renewable at the same coupon that they were originally given when those aircraft were new. And a little whiff of inflation - not impossible when $3 Trillion in infrastructure improvements are being debated - could dramatically increase debt service requirements for those with bad credit ratings (which is almost all airlines currently). There is still considerable uncertainty.