Spirt filed for Chapter 11 again
12-19-2025 | 11:01 AM
#651
Gets Weekends Off
Joined: Jun 2010
Posts: 7,571
Likes: 281
From: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
12-20-2025 | 06:22 AM
#652
Line Holder
Joined: Mar 2024
Posts: 959
Likes: 253
12-20-2025 | 07:14 AM
#654
weekends off? Nope...
Joined: Apr 2014
Posts: 2,406
Likes: 131
12-20-2025 | 02:19 PM
#655
At your mom's house
Joined: Jun 2008
Posts: 3,665
Likes: 447
From: cpt 737
12-23-2025 | 07:45 AM
#656
Line Holder
Joined: Sep 2020
Posts: 1,556
Likes: 335
November monthly operating report published.
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
12-23-2025 | 07:52 AM
#657
On Reserve
Joined: May 2017
Posts: 73
Likes: 3
From: Space Shuttle
Wow.
November monthly operating report published.
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
how do they suck so much? Wild that even after shedding all the leases and expensive planes, they can even push the needle in the right direction.
12-23-2025 | 08:51 AM
#658
Gets Weekends Off
Joined: Nov 2005
Posts: 2,690
Likes: 30
November monthly operating report published.
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
12-23-2025 | 11:03 AM
#659
On Reserve
Joined: Nov 2018
Posts: 23
Likes: 15
November monthly operating report published.
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.
Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).
12-23-2025 | 11:29 AM
#660
Banned
Joined: Feb 2025
Posts: 136
Likes: 19
WRONG - They didn't burn any cash, they didn't draw from the DIP and actually added cash and were cash flow positive. Most of their losses for November were directly tied to their bankruptcy expenses. Two months of positive cash flows and zero DIP draws.
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