next earnings report is April 29.

I am sure we will have "official" news then (if not before)

 

The money is there for Spirit if they want it. It is a known amount of money based on payroll 2Q19 and 3Q19. So perhaps they are just delaying accepting the money for as long as possible to run at the 90%+ reduced schedule while they still can. Once the money is received they have 7 days to comply with the route structure requirements. The longer Spirit runs lean (delays taking the money), the more money they actually save perhaps... just a thought...

 

With all due respect, many people (including many of the current "Essential workforce"), live paycheck to paycheck because the cost of living has far outpaced the rise in personal income. $15-$20 an hour doesn't go far when city rents for a studio start at over $1000.00 a month. As an aside, if COVID19 has demonstrated anything, it's that the essential worker class deserve a raise.

Be safe.

S

 

Good point!

 

On a boating forum where you’d think everyone is wealthy and wouldn’t qualify for a stimulus check bc they all own quarter million dollar boats, they have a thread about what they are spending their stimulus checks on.

So they make small enough money to get a check yet own a quarter million dollar bot financed over 20 years and are already buying new crap online with their stimulus. Precisely what that money was for but not the best personal finance decision. Maybe one or two people said they would put it toward bills or credit cards. YOLO!

I have confidence in the financial irresponsibility or most Americans. Wages haven’t risen much in 20 years and people just have accepted that it’s the new normal and are stuck in their position in life. If you can’t get ahead even when you try just slap it on credit and die happy and in debt.

Just like Walmart- Spirit preys on the low income and keeps them in debt under the tag line of value while getting rich in the process. Seems to be a winning proposition.

 

Give everyone a raise, and it will all end up in the landlord's pocket as the essential workers still chase after the same limited supply of available housing options. Demand sets rents, the only thing that keeps them in check in some cities is the baseline amount some are willing to bid up the demand.

 

Based off the numbers coming out of China, just look under article source of your choice, spending has not resumed post the country "opening up". Malls are empty and travel is still heavily restricted.
Im not saying things wont resume but this idea that things will turn on like a switch is propagated out of sheer nonsense mostly dished out by Orange in charge.

This is IMO and as well shared by Fauci again take any news source you like to back that up.

 

Cant really get more correct than this.

 

So a communist country is heavily restricting travel, and goodness knows what else and you’re trying to draw a straight parallel to things in the US?

We won’t hit the ground running, but a fast limp looks like warp speed if you’ve been laid up in bed for 3 months.

 

Makes perfect sense! Seems like it would be a real pain for them to increase flying to meet the requirements prior to May 1.