Spirit Airlines Ch.11
06-08-2024 | 03:35 PM
#11
On Reserve
Joined: May 2017
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From: Space Shuttle
HOLD
If you see Spirit hire a consultant law firm that specializes in bankruptcies the writing is on the wall. If there is an SEC filing for one of those firms the ch11 filing will follow in a month or two. Frontier stock is down ~50% from when they were considering the Spirit deal and they are 70% down in the past 5 yrs.
just to be contrarian to all the halon doom..
https://finance.yahoo.com/news/heres...121400489.html
06-08-2024 | 04:03 PM
#12
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Joined: Jul 2019
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just to be contrarian to all the halon doom..
https://finance.yahoo.com/news/heres...121400489.html
https://finance.yahoo.com/news/heres...121400489.html
06-09-2024 | 04:46 AM
#13
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But really what do you expect him to say? He's paid to be a company cheerleader and foreshadowing something like a bankruptcy would tank the stock that upper managers get paid with.
I've never seen an airline manager talk about a bankruptcy or really anything negative until the forms are signed and filed. As said above the first clue will be hiring a consulting firm.
I've never seen an airline manager talk about a bankruptcy or really anything negative until the forms are signed and filed. As said above the first clue will be hiring a consulting firm.
This is the same reason he said Spirit had a successful plan going forward if the merger was blocked. What was he supposed to say?
06-09-2024 | 05:13 AM
#14
Line Holder
Joined: Dec 2022
Posts: 1,372
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just to be contrarian to all the halon doom..
https://finance.yahoo.com/news/heres...121400489.html
https://finance.yahoo.com/news/heres...121400489.html
06-09-2024 | 06:27 AM
#15
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,120
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From: Engines Turn or People Swim
Fairly blatant bot IMO...
"Spirit Airlines' consolidated traffic, measured in revenue passenger miles, has been significantly rising, boosting the company's capacity."
So "consolidated traffic" somehow boosts "the company's capacity" ?
LLM word salad.
"Spirit Airlines' consolidated traffic, measured in revenue passenger miles, has been significantly rising, boosting the company's capacity."
So "consolidated traffic" somehow boosts "the company's capacity" ?
LLM word salad.
06-10-2024 | 08:17 AM
#17
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Joined: Jun 2006
Posts: 1,600
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It all comes down to restructuring that big bill coming due next year. Can they restructure it? "At this time" it doesn't seem we have an answer to that question.
06-10-2024 | 08:30 AM
#18
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Joined: Feb 2014
Posts: 364
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From: CA
06-10-2024 | 09:04 AM
#19
Gets Weekends Off
Joined: Aug 2006
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06-10-2024 | 12:49 PM
#20
Line Holder
Joined: Dec 2022
Posts: 1,372
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Yep. If they can then we have to making money or it’s bankruptcy anyway
if they can’t restructure its bankruptcy for sure
We have to do both
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