Anyone see the picture that shows spirit has the lowest cancellation % of any major airline in the world. Still don’t know if that’s good or bad.

anyone know what our breakeven load factor is with jet fuel $1 a gallon?

kind of depends on the average ticket price and average ancillary revenue from those passengers. Prices are much lower now and the grants/loans to the industry will give others the ability to match or beat us on price I’m sure.

Some news just came out that unemployment applications are now at 3.28million, and you would have to be crazy to think it wont go higher than that. Recession/depression seems all but certain now.

Seems quite likely that cheap tickets are going to be all that matters when this thing passes over us. People wont have as much spending money to pay an extra $100 for 2 inches of leg room.

Still waiting to see what these grants/loans look like. I dont think struggling companies can afford to match us for too long if depression drags on. Its not cheap.

I would assume a lot of these claims are people working in service industry (bars restaurants etc). Barring the restaurant or bars not opening up again after this, which most should open up again, most of these people will be employed again at that time I suspect.

I have friends in both SI and corporate 9-5ers. No one I know, personally, in the Corp 9-5 world is in any jeopardy at all of losing their jobs. It’s business as usual just at home on their laptops now.

If this bill works as advertised then a lot of these smaller restaurants and businesses will be able to stay afloat.

I know my hometown has had a ton of local support for our small local restaurants as they have gone to takeout. They will definitely be employing their old wait staff when this is over. It’s been great to see and be a part of.

While I am a big fan of shopping local - Eating out or takeout seems an unnecessary risk if you haven't already had the Corona. No assurances against contamination. If it is food that can be reheated to kill virus - sure - failing that? Not for me.

thinking the same thing. Package covered in China virus. If you don’t pay online you pass your card back and forth. Merchant is wearing gloves but that protects them. They touch everyone’s card and their POS system with the same gloves. Same w TSA. I sani wipe my id as soon as they hand it back.

The recommendation is to transfer the food to your own dishes, throw out the delivery packaging, wash your hands, microwave the food for a few seconds even if already hot, then eat. Pay online if you can or wipe your card down after paying. It does sound like a hassle, but for some it’s worth it. Hopefully local businesses can stay afloat long enough.

Then don a space suit, walk around the house forty-two times reciting incantations.

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exactly! This isn’t like Ebola we’re dealing with or something.

you're correct. its here. and you'll likely catch it...

i think those numbers equate to 6 months of payroll for for Q something 2019

yup I fully expect to. And I fully expect to be just fine after it just like the large majority of people.

I’m not worried about me I’m worried about my elderly family members. For them it’s very risky

you must live such a sad life to just get drunk and post on APC.

Well - he just hates planes. ;)

Just wondering who all bought it when SAVE was around $8? How is everyone doing? Did you cash out already and double your money? I’m holding on to mine longer.

and this was for yesterday since we are already back down to $14 currently.

I bought at 10 and sold at 18. Not bad for a weeks work.

Do I hold and watch it go down, or sell and watch the stock go up?

🤔

Hold. I wanna some more.

Sold to watch go down.
Will jump in again near the previous low. It’s coming. Crap news for ages.
For all airlines.

When the Coronavirus does eventually blow over do you think we will be back around $40/share, or do you all think it will take sometime afterwards to to get their because of the financial impact?

Because airline stock is a poor investment

Management afraid of a hostile takeover?

https://www.marketwatch.com/story/sp...ing-2020-03-30

I’m sure it’s on their minds. I think one investment group already acquired a good bit of United’s debt, and anyone forgoing the stimulus payout isn’t bound by the no M/A language contained within.

so I guess they don’t plan on taking the grant money

That crossed my mind. We’re not in any position to purchase anyone else or a portion of anyone else. But there are investment groups positioned to do it, and I can think of at least one airline who can probably forgo the grants while keeping a predatory eye out for competitors and market share.

I literally just did a word search on 883 page document. Nowhere in the Stimulus Bill does the word “merger” appear. “Acquisition” appears 11 times and it is only in reference to “the acquisition of warrants, stock options, common or preferred stock” of one’s own company.

From what I have searched (the whole document), taking grant money or loans does NOT preclude airlines from mergers or acquisitions according to the Bill.

The timeline for our arranged marriage may have been pushed up. Only a handful of people know.

Thanks for that, and I actually wasn’t referring to Frontier. We don’t know how healthy or willing Indigo is to weather this while seeking partners. Franke seems willing though.

hopefully that’s like Tom Hanks/Rita Wilson marriage F9/NK and not an OJ SIMPSON Type marriage......where SWA is OJ and we’re Nicole......

I’m afraid it might be a situation where SWA catches NK and F9 courting each other and steps in like OJ.

yeah I’m sure that’s exactly what will happen

No misunderstanding here, I didn’t take that as you specifically referring to F9. I was just pointing to the possibility that many have pointed out for a long time may actually be coming under an expedited timetable. Our excuses (pre-COVID19) for why it wasn’t going to happen in the near term, like “organic growth” and such, seem less valid now than they did 6 weeks ago.

I was thinking more along the lines of Bill McKinney and Ned Beatty

For the new guys on here, like myself, what happened when SWA bought Airtran? I hear it joked about, but wondering what the details were with pilots and equipment.

AirTran was publicly traded company (stock market). As was SWA.

Frontier is privately owned. Sun Country also. It is yet to be seen if the "owners" (Private Equity companies) will cause a speed bump for bail-out money, funded by taxpayers.

Save stock down way more than competitors?
 

Swa buying us is the least of our problems right now. Right now no one has any extra money, though I would welcome swa buying us because I have more faith that I would have an airline to come back to then I do at Spirit right now.


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you’re not the only one......probably why our stock is the only one to consistently take a much harder hit than the rest.....

Are you saying they should not receive an airline bailout because they are private equity held companies?
As a taxpayer and investor I would trust Indigo more with a return than any of the Big 3.
You need to educate yourself about the bailout funds. The grant is in lieu of unemployment claims. So either way "your" tax dollars and my tax dollars are gonna pay for this one way or another.