Spirit Now Sure As It Emerges From Bankruptcy
05-30-2025 | 01:41 PM
#172
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 344
Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.
The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.
They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.
Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.
05-30-2025 | 01:48 PM
#173
Gets Weekends Off
Joined: Jan 2018
Posts: 2,823
Likes: 224
10Q has been posted for Q1 2025.
Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.
The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.
They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.
Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.
Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.
The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.
They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.
Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.
05-30-2025 | 02:14 PM
#174
On Reserve
Joined: Feb 2024
Posts: 92
Likes: 0
10Q has been posted for Q1 2025.
Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.
The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.
They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.
Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.
Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.
The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.
They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.
Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.
I saw that after hours trading of FLYY went up 5%. Wonder if someone saw something they liked in the release. I do think it’s very scary that our cash on hand decreased by half.
05-30-2025 | 02:17 PM
#175
Line Holder
Joined: Oct 2010
Posts: 1,499
Likes: 0
thanks for the update. That long term debt number makes sense. It was over 3 billion pre bankruptcy and they supposedly wiped out just over a billion in the bk process so that number adds up. The important number here is long term debt, the total liabilities include future tickets, maintenance costs, lease liabilities, and salaries.
I saw that after hours trading of FLYY went up 5%. Wonder if someone saw something they liked in the release. I do think it’s very scary that our cash on hand decreases by half.
I saw that after hours trading of FLYY went up 5%. Wonder if someone saw something they liked in the release. I do think it’s very scary that our cash on hand decreases by half.
05-30-2025 | 02:31 PM
#176
On Reserve
Joined: Feb 2024
Posts: 92
Likes: 0
05-30-2025 | 02:40 PM
#177
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 344
thanks for the update. That long term debt number makes sense. It was over 3 billion pre bankruptcy and they supposedly wiped out just over a billion in the bk process so that number adds up. The important number here is long term debt, the total liabilities include future tickets, maintenance costs, lease liabilities, and salaries.
I saw that after hours trading of FLYY went up 5%. Wonder if someone saw something they liked in the release. I do think it’s very scary that our cash on hand decreased by half.
I saw that after hours trading of FLYY went up 5%. Wonder if someone saw something they liked in the release. I do think it’s very scary that our cash on hand decreased by half.
05-30-2025 | 02:45 PM
#178
On Reserve
Joined: Feb 2024
Posts: 92
Likes: 0
you sure are paying VERY close attention to the situation for someone who doesn’t work here. If I were you, I’d just enjoy my new shiny job at United and stop coming by to visit your ex and see how she’s doing.
05-30-2025 | 03:07 PM
#179
On Reserve
Joined: Jan 2016
Posts: 175
Likes: 0
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