Spirit Now Sure As It Emerges From Bankruptcy
08-12-2025 | 10:06 AM
#1021
On Reserve
Joined: Jan 2022
Posts: 24
Likes: 2
Truth. Most believe the Frontier Spirt Deal would have been approved and made sense. Am I mistaken but didn’t Frontier make an offer to buy/merge with Spirt again around the end of the Chapter 11 process? Wouldn’t it be better to merge with Frontier vs Chapter 7 which appears to me eminent? Hoping all the pilots have a soft landing somewhere. Hang in there.
08-12-2025 | 10:10 AM
#1022
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Joined: Sep 2020
Posts: 1,564
Likes: 345
First, you have to assume that the new stakeholders want to entertain/fund Spirit recovery, which will take a little while, or have much interest in running an airline after recovery.
Most likely, at the time, they were thinking what they could get, by going to Chapter 7, was more than F9 was offering. These people don't really care about the interest of the employees. It's business to them. Only we would think about saving jobs. We are always the ones that will be served up on the plate.
Most likely, at the time, they were thinking what they could get, by going to Chapter 7, was more than F9 was offering. These people don't really care about the interest of the employees. It's business to them. Only we would think about saving jobs. We are always the ones that will be served up on the plate.
08-12-2025 | 10:21 AM
#1023
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
https://apnews.com/article/spirit-ai...5f05967b5293d2
Article from AP news updated today. Those of us here who went thru the "lost decade of the 90's" feel for you folks.
Article from AP news updated today. Those of us here who went thru the "lost decade of the 90's" feel for you folks.
08-12-2025 | 10:43 AM
#1025
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,847
Likes: 654
From: Engines Turn or People Swim
08-12-2025 | 10:48 AM
#1026
Gets Weekends Off
Joined: Mar 2014
Posts: 4,114
Likes: 291
In hindsight a look at JetBlue and Spirit's business situation is not promising. JetBlue said last quarter they do not expect to be profitable this year, which would mean year 6 going into 7 of straight losses. How viable would this combined business have been, really? Beyond the elimination of competition, it's hard to see how these two failing businesses, combined, with all the money spent to reconfigured hundreds of Spirit planes and rebrand its assets, could have done much better. Maybe the demise of the Spirit business would have been slowed down, at best.
In general, the bigger the entity, the more money they can conjure up during bad times. The whole, if you owe the bank $5k it's your problem, if you owe the bank $5b it's the bank's problem sort of thing.
1Q was Jan-Mar, 2Q was Apr-Jun. This recent release was for 2Q.
08-12-2025 | 11:18 AM
#1027
That/It/Thang
Joined: Aug 2020
Posts: 3,463
Likes: 275
Spirit stock down 40% today and all the other airlines are up 8%+. The market is predicting that Spirit is not going to be a competitor anymore. I wonder if the news will cause people with current tickets to cancel or book aways? Ticket holders aren't secured creditors in CH7, so they won't get refunds on tickets they have purchased.
08-12-2025 | 11:41 AM
#1029
On Reserve
Joined: Jun 2025
Posts: 100
Likes: 51
From: 757 FO
10Q states they have 21 Airbus not in utilization and planned for future sale and “available for immediate sale”.
So basically “we have planes we don’t want or need and you can buy an Airbus, or 21, today if you want”
Also, Ted got over $4m to walk away and lifetime flight benefits on the airline too.
So basically “we have planes we don’t want or need and you can buy an Airbus, or 21, today if you want”
Also, Ted got over $4m to walk away and lifetime flight benefits on the airline too.
08-12-2025 | 11:44 AM
#1030
On Reserve
Joined: Jan 2025
Posts: 83
Likes: 11
Never been through a potential Chapter 7 like this, but how does that go as far as flights? Say they announce it on January 1 do all flights after that just get canceled?
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