Spirit Now Sure As It Emerges From Bankruptcy
08-13-2025 | 07:28 AM
#1101
Perennial Reserve
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08-13-2025 | 07:34 AM
#1102
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08-13-2025 | 07:38 AM
#1104
On Reserve
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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.
now they are actually out of cash within this quarter probably, definitely within q4. without fresh capital a real ch11 is imminent.
the credit card processing company is getting nervous. if they pull the plug it creates a $950 million liquidity disaster and the company is history.
08-13-2025 | 07:39 AM
#1105
Now Old
Joined: Oct 2010
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From: Bent
This is an easy one. There is no value there and you are just buying $2B in debt that has to be satisfied. There are no assets and integrating crews, reconfigurating planes, etc would be painful. The most likely choice is that everyone is waiting for the CH7 liquidation to buy some assets at a discount without the debt of the whole enterprise. Probably some gates and possibly planes. This is why the other airlines stocks were up 10% yesterday and Spirit was down 40%. Nobody will "acquire" Spirit because its not actually cheap. Its incredibly expensive. The best thing for any airline would be its largest competitor buying Spirit in whole. It would be a huge drag on their business.
You were at United while it was teetering in bankruptcy. Think about how you would have felt when reading “hard truths” from a pilot employed by a profitable carrier. I’m guessing you would have appreciated it as much as the NK and B6 folks do now.
08-13-2025 | 07:41 AM
#1106
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08-13-2025 | 07:49 AM
#1107
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Good thing you are on the Spirit and Jet Blue forums enlightening all with your vast knowledge of airline mergers and economics./s
You were at United while it was teetering in bankruptcy. Think about how you would have felt when reading “hard truths” from a pilot employed by a profitable carrier. I’m guessing you would have appreciated it as much as the NK and B6 folks do now.
You were at United while it was teetering in bankruptcy. Think about how you would have felt when reading “hard truths” from a pilot employed by a profitable carrier. I’m guessing you would have appreciated it as much as the NK and B6 folks do now.
08-13-2025 | 07:49 AM
#1108
On Reserve
Joined: Jan 2022
Posts: 24
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Sir, loosing =/= losing. Also, how were delta/northwest financials pre-merge? US/AA? UA/CO? Not saying B6/NK was a winning combination or a good idea (imo there would have still been a BK for that combined airline), but, consolidation tends to help struggling airlines in 2 major ways (scale increase/competition decrease).
08-13-2025 | 07:50 AM
#1109
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Joined: Sep 2021
Posts: 287
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