Spirit liquidation rumored this week
04-22-2026 | 10:14 AM
#101
Gets Weekends Off
Joined: Mar 2011
Posts: 3,381
Likes: 217
From: 737 FO
04-22-2026 | 11:36 AM
#104
Gets Weekends Off
Joined: Apr 2018
Posts: 4,092
Likes: 449
Happy for Spirit bros, hopefully it works long term and isn't just delaying the inevitable. However, this creates a pretty bad precedent and moral hazard. Basically encourages corporations to take excessive risk and not worry about failing because Uncle Sam (taxpayers) will be there to save you. I thought we were against corporate welfare?
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
04-22-2026 | 01:55 PM
#105
Line Holder
Joined: Mar 2014
Posts: 889
Likes: 24
Happy for Spirit bros, hopefully it works long term and isn't just delaying the inevitable. However, this creates a pretty bad precedent and moral hazard. Basically encourages corporations to take excessive risk and not worry about failing because Uncle Sam (taxpayers) will be there to save you. I thought we were against corporate welfare?
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
04-22-2026 | 04:39 PM
#106
On Reserve
Joined: Dec 2025
Posts: 76
Likes: 63
From: A320 CA
Yes, you’re right, they are. But before you get saved you have a failed merger the government blocks, the airline gets cut to 1/3 of its size, 2 bankruptcies and a pay cut. Enjoy!
04-22-2026 | 05:19 PM
#107
On Reserve
Joined: Dec 2025
Posts: 76
Likes: 63
From: A320 CA
The government is potentially taking up to a 90% equity stake. No management would really consider that a backup. Also the bankruptcy documents have already stated the stockholders will be wiped out. I’m not sure why the stock spiked today or if that can change.
04-22-2026 | 06:42 PM
#108
Line Holder
Joined: Dec 2022
Posts: 1,364
Likes: 128
Happy for Spirit bros, hopefully it works long term and isn't just delaying the inevitable. However, this creates a pretty bad precedent and moral hazard. Basically encourages corporations to take excessive risk and not worry about failing because Uncle Sam (taxpayers) will be there to save you. I thought we were against corporate welfare?
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
Stock holders should be wiped out or something as a consequence of accepting a "bail out" to deter this type of thing in the future.
Covid was a unique worldwide event, so I don't think parallels to that can be drawn.
04-22-2026 | 06:49 PM
#109
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
Spirit gets $500M from .gov
Spirit owes $450M in DIP repayment by July 14th.
Spirit hands over $450M to Citadel etc in July to pay off their DIP
Spirit is out of cash again.
The bailout is for Citadel and not Spirit.
04-22-2026 | 07:18 PM
#110
Gets Weekends Off
Joined: Nov 2011
Posts: 4,148
Likes: 43
From: Volleyball Player
This country was built by bloodlines of incredible risk takers. We have decided to medicate it out of an entire generation on kids so teachers can have a calm classroom. This kids grow up to be great rule followers and employees. None of them risk takers. Excessive risk is how we move forward. England, those are the ones that stayed bc it was scary to take risk. I say we encourage more risk taking and make America great again.
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