View Poll Results: Do you think Spirit will go bankrupt?
Ch.11 Bankruptcy (I trust the analyst)
35
27.34%
Ch. 11 Bankruptcy followed by Ch.7 (liquidated)
26
20.31%
We will be fine (I trust our CEO)
34
26.56%
I don’t know
33
25.78%
Voters: 128. You may not vote on this poll
TC vs. Analysts
01-24-2024 | 04:28 AM
#11
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Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Not once during the trial did the union or management spell out what their plan would be if the merger wasn't approved. It was all talked about like it was going to be a done deal and that it's just a formality.
I expect the worst and hope for the best. I don't trust management to come out and break the bad news or tell the hard truths. I just hope TC doesn't become infamous for some better.com CEO esque layoff.
I expect the worst and hope for the best. I don't trust management to come out and break the bad news or tell the hard truths. I just hope TC doesn't become infamous for some better.com CEO esque layoff.
01-26-2024 | 07:00 AM
#12
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 206
From: 787
If you abandon routes where demand is lower and increase frequency with routes that are higher in demand, then you can become break even or profitable, which will extend your runway indefinitely. This may mean selling off more aircraft and downsizing even more. They have enough cash to pay off the debt in 2025, but it only leaves them with a few months until they're insolvent at the current loss rate of 100-150m a quarter. If they can break even or even turn a profit for the next few quarters, when travel demand should go up, they will be in a much better position.
I am not saying this is likely, or Ted and Bendo are even capable of doing it, just saying it is possible to do.
I am not saying this is likely, or Ted and Bendo are even capable of doing it, just saying it is possible to do.
01-26-2024 | 07:36 AM
#13
Gets Weekends Off
Joined: Jan 2018
Posts: 2,837
Likes: 278
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