Monday 14%
showing 7% already for Tuesday

The financials are going to be impacted by this but we won’t see it for months. Still waiting on December.

 

Won’t see it for months? How can a 100 airplane airline keep cancelling 10% of its schedule daily without feeling the impact for months!?

 

I only meant we won’t see the financials

 

in all honestly I don’t understand how spirit has enough unrestricted cash to operate still. I thought there was a 450 million dollar floor. Under the LAST MOR with an average with an average burn rate of 2-3 million per day and then scaled down after the lease returns and such that would still put the airline under that limit by now.

Combine this with a 5-10% cancelation rate for most days and it’s beyond me how they are making it work still.

remember the articles after thanksgiving thinking spirit was going under? Spirit has only received 50 million from creditors since then, the gate sales went straight to creditors as well and did not help with cash on hand I believe.

so I’m kind of at a loss for how the airline is continuing business as usual.

also when is the MOR for December going to get published??? It’s almost been 3 months at this point. Seems strange.

 

Well if despite whatever you know Spirit is still operating, maybe the conclusion should then be that you don’t really know what’s going on behind the scenes. And this goes for anyone on these forums, myself included. We can try to piece things together but who knows what’s really going on?

 

That 20 jet auction isn't scheduled for April and most of that cash is just going to pay off the debt on the planes. It doesn't seem they are concerned about the operation and all the cancellations. Other than the recalling 500 FAs, it feels like they are just trying to limit the cash burn but not really planning for long-term operation.

Also whatever happened to that "interested party"? That story disappeared pretty quickly.

The December MOR is a head scratcher as well. Its February. How hard would it be to come up with the financials?

 

The billing suggested three interested parties.. "Interested" to the point serious billing, and vetting, was done for them. Media reporting suggests Frontier tabled an offer we rejected. Maybe Castlelake was one of the interested parties, though I had been led to believe the vetting was of an airline buyer, not PE.. but, who knows? Seems the identity of at least one, maybe two, airlines has never been said in the media.. who are they? How serious were they? Could they still be engaged enough to eventually table an offer? "Experts" don't seem to know..

As for the MOR, yea, I'm beating my head against a wall too looking for it. I've heard that we are now back to quarterly reports. Either simply because of where we moved along to in the bankruptcy process, or, if we went to monthly reports due to minimum liquidity, and now we no longer have to do monthly reports.. then.. well.. that would imply something improved significantly in our liquidity position?? It'd just.. really help me understand, if I could see what happened..

 

It’s either complex or bloody…

 

Here's the latest crazy idea...
https://www.wafb.com/2026/02/17/loui...b-new-orleans/

 

The article premise is stupid, because the stock price is irrelevant. It is the secured creditors that control the show now, not the stockholders. That 3¢ price is just a (bad) gamble that the stockholders get a little bit of cash out of the bankruptcy proceeds.