Economic Impacts of Iran War
05-04-2026 | 01:25 PM
#1522
Perennial Reserve
Joined: Jan 2018
Posts: 14,236
Likes: 253
Of course it’s simplistic.
Do I blame the current administration for all of Spirit’s problems? No
Do I think fuel costs sealed their fate this week? Yes
Do I think Spirit management has been failing at their jobs for almost 1/2 a decade now? Also yes.
Do I think Spirit is the only carrier that won’t survive this? No.
Pretty simple.
Do I blame the current administration for all of Spirit’s problems? No
Do I think fuel costs sealed their fate this week? Yes
Do I think Spirit management has been failing at their jobs for almost 1/2 a decade now? Also yes.
Do I think Spirit is the only carrier that won’t survive this? No.
Pretty simple.
Assuming, of course, their competitors were also getting $2.60/gal fuel?
05-04-2026 | 01:29 PM
#1523
Gets Weekends Off
Joined: Mar 2011
Posts: 3,473
Likes: 288
From: 737 FO
So do you understand that when you're trying to come back from bankruptcy that a sudden more than doubling of your 2nd largest line item cost might throw a wrench in your plans? The answer to your question is one that none of us will likely ever know.
05-04-2026 | 03:30 PM
#1524
Gets Weekends Off
Joined: Apr 2011
Posts: 3,488
Likes: 137
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.
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.
Fwiw, I wouldn’t want to work for beach boy Comey. Far too shiftless. But I respect and believe him. For everything, there really is a season
05-04-2026 | 03:36 PM
#1525
Line Holder
Joined: Mar 2026
Posts: 217
Likes: 218
05-04-2026 | 03:40 PM
#1526
Gets Weekends Off
Joined: Apr 2011
Posts: 3,488
Likes: 137
05-04-2026 | 03:42 PM
#1527
Moderator
Joined: Sep 2011
Posts: 8,298
Likes: 1,305
05-04-2026 | 03:54 PM
#1528
Moderator
Joined: Sep 2011
Posts: 8,298
Likes: 1,305
No one is arguing that fuel prices was not the final nail in the Spirit coffin. Obviously that tipped them over the (tenuous and teetering) edge. If it wasn’t fuel prices, it would very likely have been something else in the near term.
But to pretend that Spirit is some kind of bellwether and confirmation of early predictions of “Black Swan!” and “industry furloughs are imminent!” is massively disingenuous. And, I would argue reveals some genuine bias and/or willful ignorance.
But to pretend that Spirit is some kind of bellwether and confirmation of early predictions of “Black Swan!” and “industry furloughs are imminent!” is massively disingenuous. And, I would argue reveals some genuine bias and/or willful ignorance.
05-04-2026 | 05:18 PM
#1530
Line Holder
Joined: Mar 2026
Posts: 217
Likes: 218
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.
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.
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