Spirt filed for Chapter 11 again
12-10-2025 | 04:34 AM
#541
On Reserve
Joined: Mar 2017
Posts: 177
Likes: 36
We lost 90M in Oct. it’s better than the ~100M a month every other month. It’s still losing A LOT of money.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
12-10-2025 | 06:20 AM
#542
Line Holder
Joined: Feb 2024
Posts: 203
Likes: 18
We lost 90M in Oct. it’s better than the ~100M a month every other month. It’s still losing A LOT of money.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
12-10-2025 | 06:39 AM
#543
Line Holder
Joined: Aug 2005
Posts: 1,043
Likes: 1
From: Retired 121 pilot
We lost 90M in Oct. it’s better than the ~100M a month every other month. It’s still losing A LOT of money.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
12-10-2025 | 09:05 AM
#544
Line Holder
Joined: Dec 2022
Posts: 1,362
Likes: 127
We lost 90M in Oct. it’s better than the ~100M a month every other month. It’s still losing A LOT of money.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
Its like saying the dog only sh1t on the living room rug this month and not the living room AND the dining room.
He’s still sh1tting in the house.
something has to give.
12-10-2025 | 09:39 AM
#545
Line Holder
Joined: Sep 2020
Posts: 1,556
Likes: 335
The biggest problem is that they can't generate any cash by selling assets, because all asset sales go to DIP repayment first. Just like the $30M for selling gates went to pay back the DIP loans and Spirit doesn't retain it for operations.
This is a canary in the coal mine for what's about the happen if they don't get to cash flow positive.
12-10-2025 | 11:16 AM
#546
On Reserve
Joined: Dec 2021
Posts: 33
Likes: 5
I think the canary stopped singing around 2019, it stopped breathing in 2021. By mid 2022 it was beginning to decompose. In 2023 a stray cat came by and decided it was too rancid to touch and now it’s been picked over by rats and roaches. There’s not much but a few feathers and frail little skeleton left.
12-10-2025 | 11:54 AM
#547
Almost there
Joined: Apr 2021
Posts: 1,968
Likes: 109
The October financials that came out yesterday show the increase in cash of $250M from the DIP draw already and they burned $77M of that in October. They will likely burn another $150M of that in Nov/Dec which we are in now and need another DIP draw either this month or next. It runs out in April or May if they draw the rest of the DIP.
The biggest problem is that they can't generate any cash by selling assets, because all asset sales go to DIP repayment first. Just like the $30M for selling gates went to pay back the DIP loans and Spirit doesn't retain it for operations.
This is a canary in the coal mine for what's about the happen if they don't get to cash flow positive.
The biggest problem is that they can't generate any cash by selling assets, because all asset sales go to DIP repayment first. Just like the $30M for selling gates went to pay back the DIP loans and Spirit doesn't retain it for operations.
This is a canary in the coal mine for what's about the happen if they don't get to cash flow positive.
12-10-2025 | 12:12 PM
#548
That/It/Thang
Joined: Aug 2020
Posts: 3,462
Likes: 273
And maybe Frontier can eke out a small profit during the busy holiday season while having lower end pilot labor costs.
12-10-2025 | 12:46 PM
#549
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
I can’t tell you how many times over the last 5 years NK management has stated on an earnings call about profit at a certain quarter. Never happened.
And maybe Frontier can eke out a small profit during the busy holiday season while having lower end pilot labor costs.
And maybe Frontier can eke out a small profit during the busy holiday season while having lower end pilot labor costs.
12-10-2025 | 02:56 PM
#550
Almost there
Joined: Apr 2021
Posts: 1,968
Likes: 109
I can’t tell you how many times over the last 5 years NK management has stated on an earnings call about profit at a certain quarter. Never happened.
And maybe Frontier can eke out a small profit during the busy holiday season while having lower end pilot labor costs.
And maybe Frontier can eke out a small profit during the busy holiday season while having lower end pilot labor costs.
That’s all we are talking about here. Minimizing the cash burn for Spirit. Perhaps Spirits recent moves will cause a similar turn around for the better.
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