Spirit Now Sure As It Emerges From Bankruptcy
08-11-2025 | 05:51 PM
#992
Line Holder
Joined: Jul 2014
Posts: 871
Likes: 30
The business doesn’t operate down to zero. When the credit card companies pull their lines of credit it's imminent. This line “new senior secured notes have a $450 million minimum liquidity covenant” in the ch11 bankruptcy paperwork is pretty telling. These were the 2q numbers and here we are half way through 3q with a cash burn rate that would put them below those liquidity requirements right now.
08-11-2025 | 06:20 PM
#993
Gets Weekends Off
Joined: Mar 2014
Posts: 4,114
Likes: 291
The business doesn’t operate down to zero. When the credit card companies pull their lines of credit it's imminent. This line “new senior secured notes have a $450 million minimum liquidity covenant” in the ch11 bankruptcy paperwork is pretty telling. These were the 2q numbers and here we are half way through 3q with a cash burn rate that would put them below those liquidity requirements right now.
They basically lost $250m during peak pricing season.
08-11-2025 | 07:11 PM
#995
On Reserve
Joined: Jun 2018
Posts: 61
Likes: 27
I don't know Spirit's business very well but we are also entering the slow months of the season. It gets better around late Nov for about 30 days, but late August-September-October are very slow months from an airline perspective.
They basically lost $250m during peak pricing season.
They basically lost $250m during peak pricing season.
08-12-2025 | 04:12 AM
#997
Gets Weekends Off
Joined: Mar 2021
Posts: 2,847
Likes: 212
And the administration who unnecessarily brought this to court. It was unwarranted and unneeded, but they were very anti-Business. Once the Feds bring something to the courts it is most likely to win no matter who is the judge. 100% on the Administration.
08-12-2025 | 04:26 AM
#999
On Reserve
Joined: Jan 2019
Posts: 53
Likes: 6
I don't know Spirit's business very well but we are also entering the slow months of the season. It gets better around late Nov for about 30 days, but late August-September-October are very slow months from an airline perspective.
They basically lost $250m during peak pricing season.
They basically lost $250m during peak pricing season.
08-12-2025 | 06:14 AM
#1000
Line Holder
Joined: Nov 2015
Posts: 1,863
Likes: 177
not be approved.
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