Spirit Now Sure As It Emerges From Bankruptcy
08-13-2025 | 04:50 AM
#1091
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08-13-2025 | 05:09 AM
#1093
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08-13-2025 | 06:11 AM
#1095
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I don’t disagree with any of this…what I don’t understand is, why wait and burn through another $250M (or any amount for that matter) if the most likely outcome at this point is liquidation? If they don’t see a viable path forward, why not pull the plug now and keep as much as they can?
Because they still have the possibility of finding a suitor or some other hope under a second BK. Obviously they’re going to want to reduce costs further. What’s really bizarre is why didn’t they have a “real” BK the first time around. They had to have known they weren’t going to make money. I guess maybe not so obvious.
08-13-2025 | 06:59 AM
#1096
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I wasn’t arguing the merits of the merger. I was arguing the poster who claimed that this was the B6 plan all along.
08-13-2025 | 07:14 AM
#1097
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Management doesn't care about that. It's all about the merger bonuses and sweet stock option awards for the new managers. There's been worse mergers out there like AOL and Verizon. They still go through because management sees the juicy bonuses and the investment bankers see the fat fees. I bet AA will be interested, because it fits their low cost provider business model and they fly the Airbus.and AA loves debt, even to the detriment of it's shareholders.
08-13-2025 | 07:18 AM
#1098
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I would imagine every carrier out there is running the numbers on making an offer to purchase. You just never know what will transpire and where things will end up.
It can't be bought for the market cap though. That is just the outstanding stock. I'd bet $100, those who invested during the bankruptcy have a majority share and the stock is just like 10% ownership or some such. Buying all outstanding shares will not result in taking control of Spirit.
It can't be bought for the market cap though. That is just the outstanding stock. I'd bet $100, those who invested during the bankruptcy have a majority share and the stock is just like 10% ownership or some such. Buying all outstanding shares will not result in taking control of Spirit.
08-13-2025 | 07:23 AM
#1099
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This is not true at all. United made less than $2B TOTAL in credit card revenue in 2024, yet the net profit was over $4B. Also that $2B wasn't just free cash. It all had a cost associated with it because United actually had to fly people around to be paid that money that was redeemed from earned miles.
This whole myth is ridiculous. Its not much different than chemtrails or the aircraft fuel conspiracies on the internet.
This whole myth is ridiculous. Its not much different than chemtrails or the aircraft fuel conspiracies on the internet.
08-13-2025 | 07:24 AM
#1100
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