Spirit Now Sure As It Emerges From Bankruptcy
08-12-2025 | 03:27 PM
#1061
Gets Weekends Off
Joined: Mar 2021
Posts: 2,847
Likes: 212
The DOJ said they were suing to block this merger regardless of any sort of concessions B6 was willing to make. They were dead set on blocking any and every merger they feasibly could. They wanted to block the AS/HA merger but ended up with egg on their face after successfully torpedoing the B6/NK merger and it was too close to the election. The whole thing is just a gigantic comedy of errors.
08-12-2025 | 03:30 PM
#1062
Gets Weekends Off
Joined: Oct 2012
Posts: 3,248
Likes: 45
From: 190 captain and “Pro-pilot”
The DOJ said they were suing to block this merger regardless of any sort of concessions B6 was willing to make. They were dead set on blocking any and every merger they feasibly could. They wanted to block the AS/HA merger but ended up with egg on their face after successfully torpedoing the B6/NK merger and it was too close to the election. The whole thing is just a gigantic comedy of errors.
That’s right there was no middle ground as some think. The DOJ came out and said there was absolutely nothing JetBlue could do to make them happy nothing.
This sucks all around and from a JetBlue guy. I know it’s just words but I really think this sucks and hate that it’s happening to a great pilot group.
08-12-2025 | 03:47 PM
#1063
Line Holder
Joined: Jan 2024
Posts: 892
Likes: 151
https://www.thecaq.org/going-concern...sponsibilities
08-12-2025 | 03:59 PM
#1064
Line Holder
Joined: Oct 2017
Posts: 434
Likes: 14
Some hope though, another CH11 is not off the table. There is no "time limit" before it can happen again, and in CH11 you can be purchased whole. Frontier already made one offer, you guys have a lot to offer to the likes of SW as well, and as much as B6 would probably love to buy you we are broke.
All that said I agree with Rick. Get your logbook in order and start massaging your contacts at other airlines just to be safe.
08-12-2025 | 04:01 PM
#1065
On Reserve
Joined: Jan 2022
Posts: 24
Likes: 2
Well, it’s spirit customers…guessing SEC filings and airline/finance industry news are at the top of their tiktok feeds.
08-12-2025 | 04:12 PM
#1066
Line Holder
Joined: Jan 2024
Posts: 892
Likes: 151
08-12-2025 | 04:21 PM
#1067
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
Spirit is in a doom loop of book-aways. People hearing that Spirit could close their doors so they choose to fly on another airline, which makes them have less revenue, and the company puts out a negative forward looking statement, so more people book away...
08-12-2025 | 04:30 PM
#1068
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
There probably won't be any "leftover cash" since the assets aren't likely even worth the $2B that's owed to the bondholders.
08-12-2025 | 04:33 PM
#1069
Line Holder
Joined: Feb 2013
Posts: 933
Likes: 207
From: A320
I already have seen posts on other social media advising people not to book tickets on NK more than a couple months out for fear of losing their money. BK seems almost inevitable.
Some hope though, another CH11 is not off the table. There is no "time limit" before it can happen again, and in CH11 you can be purchased whole. Frontier already made one offer, you guys have a lot to offer to the likes of SW as well, and as much as B6 would probably love to buy you we are broke.
All that said I agree with Rick. Get your logbook in order and start massaging your contacts at other airlines just to be safe.
Some hope though, another CH11 is not off the table. There is no "time limit" before it can happen again, and in CH11 you can be purchased whole. Frontier already made one offer, you guys have a lot to offer to the likes of SW as well, and as much as B6 would probably love to buy you we are broke.
All that said I agree with Rick. Get your logbook in order and start massaging your contacts at other airlines just to be safe.
08-12-2025 | 04:35 PM
#1070
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
Some hope though, another CH11 is not off the table. There is no "time limit" before it can happen again, and in CH11 you can be purchased whole. Frontier already made one offer, you guys have a lot to offer to the likes of SW as well, and as much as B6 would probably love to buy you we are broke.
B6 is the last airline that could buy NK. It would be like catching a falling anvil.
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