Spirit to significantly shrink in restruct..
11-14-2024 | 03:39 PM
#1
Thread Starter
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Spirit to significantly shrink in restruct..
“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
11-14-2024 | 05:12 PM
#2
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg! And shareholders approve it quickly and sale happens while administrations changes. Nobody from Biden admin will challenge it and would be too late for Trumps team to stop it. Spirit has most of all systems ready based on the almost sale to jet blue.
11-14-2024 | 05:16 PM
#3
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
[QUOTE=Halon1211;3852489]“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Something else is going on in the background. They release wording that alerts shareholders that they will be wiped out. Soon the sub book value offer is presented and shareholders accept it vs th alternative of zero.WSJ was leaked the 12b news ahead of time. Only a few folks have access to info like that.
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg! And shareholders approve it quickly and sale happens while administrations changes. Nobody from Biden admin will challenge it and would be too late for Trumps team to stop it. Spirit has most of all systems ready based on the almost sale to jet blue.
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Something else is going on in the background. They release wording that alerts shareholders that they will be wiped out. Soon the sub book value offer is presented and shareholders accept it vs th alternative of zero.WSJ was leaked the 12b news ahead of time. Only a few folks have access to info like that.
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg! And shareholders approve it quickly and sale happens while administrations changes. Nobody from Biden admin will challenge it and would be too late for Trumps team to stop it. Spirit has most of all systems ready based on the almost sale to jet blue.
11-15-2024 | 06:08 AM
#4
On Reserve
Joined: Apr 2024
Posts: 71
Likes: 0
“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
chapter 11 may be the best chance we have
11-15-2024 | 06:31 AM
#5
Line Holder
Joined: Jan 2023
Posts: 440
Likes: 80
“significantly shrinks in a restructuring”
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Is what TD Cowen says. Their analyst have been right all along for the past couple of years.
we are going to sell more aircraft and cancel our lease on existing ones.
kind of sounds like at this point we could just become like a 1500 pilot airline. But hey, this is good for the consumer though!
https://finance.yahoo.com/news/spiri...210338407.html
Strap in kids.
11-15-2024 | 10:44 AM
#6
Line Holder
Joined: Sep 2020
Posts: 1,591
Likes: 373
WSJ was leaked the 12b news ahead of time. Only a few folks have access to info like that.
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg!
It was chosen to leak the information early. Get the shareholders the scare of being wiped out.
Then state it in their official release. Now whatever alternate offer is received looks great compared to a fat goose egg!
I doubt management is pretending to file BK and selling everything just to get shareholders to agree to some deal that doesn't even exist. The existing debt is the holdup for an acquisition. Nobody wants to deal with it. Its a massive headwind and even without the debt the airline probably still won't be profitable. Current losses are far more than the debt payments alone.
11-15-2024 | 12:35 PM
#7
Line Holder
Joined: Nov 2013
Posts: 654
Likes: 132
From: 737CA
The existing debt is the holdup for an acquisition. Nobody wants to deal with it. Its a massive headwind and even without the debt the airline probably still won't be profitable. Current losses are far more than the debt payments alone.
11-15-2024 | 12:40 PM
#8
It's 5 o'clock somewhere
Joined: Oct 2020
Posts: 2,671
Likes: 17
Spirit shareholders are already wiped out. Stock price is $1.13 today down over 97% from highs. Most lont term investors have already sold and are gone. What's left is noise trading or people that forgot they have $SAVE in some random stock account. Also why do you need to "scare" them? There are no merger offers on the table for them to agree to. Its not like the shareholders are holding anything up.
I doubt management is pretending to file BK and selling everything just to get shareholders to agree to some deal that doesn't even exist. The existing debt is the holdup for an acquisition. Nobody wants to deal with it. Its a massive headwind and even without the debt the airline probably still won't be profitable. Current losses are far more than the debt payments alone.
I doubt management is pretending to file BK and selling everything just to get shareholders to agree to some deal that doesn't even exist. The existing debt is the holdup for an acquisition. Nobody wants to deal with it. Its a massive headwind and even without the debt the airline probably still won't be profitable. Current losses are far more than the debt payments alone.
But it's not the end of the airline.
Strap in. Defend your contract the best you can.
Best of luck guys
Last edited by Margaritaville; 11-15-2024 at 12:57 PM.
Thread
Thread Starter
Forum
Replies
Last Post
downinthegroove
Regional
2
06-03-2008 05:55 PM
