So how’s this gonna work out?
03-29-2024 | 02:33 PM
#61
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Joined: Sep 2014
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From: 60’s Tech, Right
I can't speak for people who have an agenda, but I wouldn't listen to what anyone says on the matter. You can do the math yourself. Spirit currently burns roughly 100 million per quarter, and has been pretty consistent in that number since Covid. They currently have roughly 900m in cash and 1.5m in current assets. That gives them a runway of 9-15 quarters at the current burn rate. They have a large debt payment of 1.1B due in 2025 that will need to get refinanced at astronimcal rates or it could potentially sink the company. I think it is possible to turn it around, get to profitability, and then figure out that 1.1B debt payment, but I don't think this management team is capable of doing it. They've already sold and leased back some of their aircraft, so they are running out of assets to leverage.
03-29-2024 | 03:34 PM
#63
On Reserve
Joined: Nov 2022
Posts: 106
Likes: 39
"I saw a billboard for the lottery. It said, "Estimated lottery jackpot 55 million dollars." I did not know that was estimated. That would suck if you won and they said, "Oh, we were off by two zeroes. We estimate that you are angry."
But on a more serious note, it's probably because the days each plane is out of service varies and it seems like it is a variable payout based on that. From the SEC filing: "The estimated impact of the Agreement on Spirit’s liquidity is currently expected to be between $150 million and $200 million, primarily determined by the number of days accumulated in 2024 in which Spirit aircraft are unavailable for operational service due to GTF engine issues."
03-29-2024 | 04:58 PM
#64
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Joined: Mar 2020
Posts: 305
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right? I don’t understand why these people keep showing up on our page when they work for
other Airlines now. We know that they did a lease back, but which aircraft did they sell? Which orders did they defer? These things with all have to be made public! Where is it written? Which orders or deferred? How many of them or deferred? Which aircraft were sold? I think there’s a lot of speculation going on here. I think today’s news was news in the right direction. Anyone that says any different, needs to pick up their books and go home
other Airlines now. We know that they did a lease back, but which aircraft did they sell? Which orders did they defer? These things with all have to be made public! Where is it written? Which orders or deferred? How many of them or deferred? Which aircraft were sold? I think there’s a lot of speculation going on here. I think today’s news was news in the right direction. Anyone that says any different, needs to pick up their books and go home
03-29-2024 | 05:00 PM
#65
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Joined: Mar 2020
Posts: 305
Likes: 16
03-29-2024 | 05:15 PM
#66
Banned
Joined: Dec 2014
Posts: 718
Likes: 9
03-29-2024 | 07:24 PM
#68
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Joined: Apr 2019
Posts: 276
Likes: 1
When is the date of the next earnings call? I tried looking at Yahoo Finance SAVE but didn't see it on there.
The 150-200 million for the GTF engine issue is good news BUT it's just one piece of the plan to return to profitability. Also probably not a suprise to management or people following things closely. It would just be nice to finally know what the plan is going to be though..
The 150-200 million for the GTF engine issue is good news BUT it's just one piece of the plan to return to profitability. Also probably not a suprise to management or people following things closely. It would just be nice to finally know what the plan is going to be though..
03-29-2024 | 07:53 PM
#69
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Joined: Jan 2023
Posts: 440
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When is the date of the next earnings call? I tried looking at Yahoo Finance SAVE but didn't see it on there.
The 150-200 million for the GTF engine issue is good news BUT it's just one piece of the plan to return to profitability. Also probably not a suprise to management or people following things closely. It would just be nice to finally know what the plan is going to be though..
The 150-200 million for the GTF engine issue is good news BUT it's just one piece of the plan to return to profitability. Also probably not a suprise to management or people following things closely. It would just be nice to finally know what the plan is going to be though..
03-29-2024 | 07:59 PM
#70
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Joined: Feb 2007
Posts: 1,451
Likes: 24
From: Airplanes
https://www.thestreet.com/travel/rep...-11-bankruptcy
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