Friends in HQ

 

Im not saying United isn’t growing. Im saying I highly doubt it’s going to grow at such a lofty goal. The domestic market is clearly oversaturated currently and we seem to be a witches titty away from the next issue. Whether that’s another Max crisis, door plug, engine issue, tariff, recession none of us can predict. Maybe nothing will happen and we can all smell the roses. Doubtful. All we can predict is something will come and derail those plans just like they already have over and over since the Covid crisis.

The other problem is to say (not you saying it) Spirit is dead and there’s no chance. There is certainly a higher risk in staying right now but also a potentially higher reward. A merger/buyout would be more likely than ch. 7 IMO. Is the LC segment dead? No. Far from it. It has grown as a market segment some 500% since the legacies added the low cost seats. Now there are too many seats. Okay so now the LCCs are in the process of pivoting their business model just as the legacies have done in the past to compete with the LCCs. Let’s see how it plays out. If United is growing as much as you say then there should be no problem in getting a job when the time comes if it all falls apart.

 

Ask yourself why have these rumors surfaced here before any official announcements? Hmm, food for thought. Isn't it ironic how base closures and the number 1800 keep popping up

It’s almost like someone’s trying to tell us something.

 

I think Dave Davis said in the town hall that Spirit flew the most passengers ever in its history in 2024. Not dead, but definitely need to get the ship pointed in the right direction. We were our most profitable when we stayed in our own lane (and the legacies stayed in theirs). There was/is an addressable market, the problem for Spirit is that prior to 2015-16, we were the only ones doing it. Now everyone is, thus dividing up the revenue pie amongst everyone offering cheap tickets. We don’t have any other significant revenue streams, the legacies do.

 

100%. Let’s see how the pivot plays out. Not everything will work but some of it might.

 

You are about to see how the pivot played out

 

Pivot right into Chapter 7 I’m afraid.

 

When you get hired at Delta, you ascend to a higher plane of existence.

 

This just dropped.

Today the Spirit owners filed with the SEC to sell 6.3M shares of the company. If the shares sell at the current market share price, it will net them about $30M. This equates to about 1/4 of the value of the company right now. Current market cap of FLYY is about $120M.

None of the shares are being sold to generate liquidity (per the use of funds paragraph).

Here is a link to the SEC filing: https://www.sec.gov/Archives/edgar/d...d614592ds1.htm

 

it’s been discussed. There are NDA’s to go with it, but sometimes it gets out. Make no mistake, things are happening, and they’re not good.