A Frontier Merger is coming!
10-28-2020 | 06:00 AM
#71
Line Holder
Joined: Jun 2017
Posts: 53
Likes: 0
From: 320
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.
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.
I hope AA can pull this off but like others I’m skeptical too.
10-28-2020 | 06:31 AM
#72
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
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.
10-28-2020 | 08:46 AM
#77
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
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.
10-28-2020 | 08:47 AM
#78
Perennial Reserve
Joined: Jan 2018
Posts: 14,247
Likes: 257
As soon as the market closes:
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.
10-28-2020 | 11:56 AM
#79
Perennial Reserve
Joined: Jan 2018
Posts: 14,247
Likes: 257
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.
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.
10-28-2020 | 12:15 PM
#80
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
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
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