Spirt filed for Chapter 11 again
12-15-2025 | 10:57 AM
#563
Banned
Joined: Feb 2025
Posts: 136
Likes: 19
Q4 is Oct, Nov and Dec. Spirit is already $96M in the hole for Q4. They'd have to rebound pretty sharply to become profitable for the quarter. Also last year Frontier made about $40M in Q4 and Spirit lost $580M in Q4 so they don't really track each other like that. They have had over a year now since the first filing and they still haven't shed enough debt or restructured enough to find a way to make money. Anything can happen, but they are not starting off the quarter very well.
Last edited by FlyFlorida2025; 12-15-2025 at 11:30 AM.
12-15-2025 | 11:21 AM
#564
Line Holder
Joined: Nov 2024
Posts: 279
Likes: 181
The full 100 million not being available is not a vote of confidence. The 50 million is being made available because of the labor savings is paying for it and does not reflect any confidence in the new business plan.
12-15-2025 | 11:29 AM
#565
Banned
Joined: Feb 2025
Posts: 136
Likes: 19
12-15-2025 | 11:43 AM
#566
Banned
Joined: Dec 2025
Posts: 39
Likes: 49
Spirit is going to be sold, and that has been the plan all along. What they’re doing now is uplifting their enterprise value and strengthening their failing‑firm defenses so anyone can buy them at the highest price possible, and the pilots now have a direct financial stake in that outcome.
12-15-2025 | 12:28 PM
#567
That/It/Thang
Joined: Aug 2020
Posts: 3,462
Likes: 273
The fact they only gave them $50m and the other $50m is tied to requirements does not bode well for confidence. Any time you pay "half now, half later" it's because you have doubt about the job getting done.
12-15-2025 | 01:04 PM
#568
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
It honestly makes me wonder if the $50m is to get them thru the holiday season, because without it, ceasing operations before Christmas would be bad on many fronts.
The fact they only gave them $50m and the other $50m is tied to requirements does not bode well for confidence. Any time you pay "half now, half later" it's because you have doubt about the job getting done.
The fact they only gave them $50m and the other $50m is tied to requirements does not bode well for confidence. Any time you pay "half now, half later" it's because you have doubt about the job getting done.
12-15-2025 | 01:14 PM
#569
Line Holder
Joined: Dec 2022
Posts: 1,362
Likes: 127
It honestly makes me wonder if the $50m is to get them thru the holiday season, because without it, ceasing operations before Christmas would be bad on many fronts.
The fact they only gave them $50m and the other $50m is tied to requirements does not bode well for confidence. Any time you pay "half now, half later" it's because you have doubt about the job getting done.
The fact they only gave them $50m and the other $50m is tied to requirements does not bode well for confidence. Any time you pay "half now, half later" it's because you have doubt about the job getting done.
I agree on the $50 mil. I was supposed to be $100 mil. They moved the goal post.
12-15-2025 | 01:19 PM
#570
Banned
Joined: Dec 2025
Posts: 39
Likes: 49
Thread
Thread Starter
Forum
Replies
Last Post
