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- - A Frontier Merger is coming! (https://www.airlinepilotforums.com/spirit/131434-frontier-merger-coming.html)

Quote:

Originally Posted by CincoDeMayo (Post 3150837)

Sure. I’ll show my work.

Stop being naive and open your eyes. I get you support your airline, great. So I’m not going to get into your interpretation of the numbers vs what most analysts are saying. Besides, this is a Spirit forum and not the AA side.

AA reminds me of that scene in Boyz in da Hood where someone proclaimed what they would do for some “blow or rock”

“You got some PPP, you got some loans, man I’ll suck..”

But since this is a Spirit sub forum I’ll add that I hope AA
doesn’t file Ch11. AA loses money competing with Spirit and you have to subsidize your basic economy and fare matching with business and international, which you no longer have. Filing Ch11 will clean up the books and perhaps allow you to be more competitive in markets vs undercutting at a loss. So yes, I hope you don’t file, however AA is no stranger to the protections available to them.

It doesn’t look like you have any facts to back up your feelings.

I hope AA can pull this off but like others I’m skeptical too.

Quote:

Originally Posted by Av viii (Post 3151100)

It doesn’t look like you have any facts to back up your feelings.

I hope AA can pull this off but like others I’m skeptical too.

FACTS have been stated over and over, on this forum and probably 20+ financial pieces written by analysts. Copy and paste to a forum of these facts isn’t what makes it a likely reality, the numbers themselves do. People can deny it all they want, it seems that denying what is in front of our face is a going trend these days, but the facts are facts, copy and pasted on a forum or not.

I’ve said I hope AA doesn’t file CH11 because I don’t want Spirit competing against their clean(er) balance sheet and I don’t want the downward contractual pressure, but what I want and what the numbers suggest are not one in the same.

So speaking of finances. Shouldn’t Spirit be releasing 3Q results soon?

There can't be a Frontier merger happening because they aren't discussing it in the Frontier sub section

Quote:

Originally Posted by Halon1211 (Post 3151159)

So speaking of finances. Shouldn’t Spirit be releasing 3Q results soon?

Today 4pm Eastern

Quote:

Originally Posted by CAirBear (Post 3151217)

Today 4pm Eastern

thanks!
—————————————————————

Quote:

Originally Posted by Halon1211 (Post 3151159)

So speaking of finances. Shouldn’t Spirit be releasing 3Q results soon?

I believe 4:10 eastern.

Hopefully they didn’t lose more than expected and more importantly, would love to see that cash burn between $2mil and $3mil a day. That would be slightly better than their revised estimate of a burn of $3-4mil a day; they stated burn would be at the lower end of that scale.

Quote:

Originally Posted by Halon1211 (Post 3151159)

So speaking of finances. Shouldn’t Spirit be releasing 3Q results soon?

As soon as the market closes:

Quote:

Spirit Airlines Q3 2020 Earnings Preview

Oct. 27, 2020 5:35 PM ETSpirit Airlines, Inc. (SAVE)By: Pranav Ghumatkar, SA News Editor

Spirit Airlines (NYSE:SAVE) is scheduled to announce Q3 earnings results on Wednesday, October 28th, after market close.
The consensus EPS Estimate is -$2.67 and the consensus Revenue Estimate is $381.77M (-61.5% Y/Y).
Over the last 2 years, SAVE has beaten EPS estimates 63% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 1 upward revision and 12 downward. Revenue estimates have seen 6 upward revisions and 3 downward.

Quote:

Originally Posted by CincoDeMayo (Post 3151221)

Obviously a senior captain if he considers a million dollars a day difference to be “slightly better.” ;)

Quote:

Originally Posted by Excargodog (Post 3151328)

Obviously a senior captain if he considers a million dollars a day difference to be “slightly better.” ;)

Burn for Q3 was $2.3m a day....great news based on previous estimates of $3-4m a day. The bleeding is slowing and they expect $2m a day for Q4...hopefully that will improve too