They decided to ride it out and tune out the noise. The company is either going to merge, make it on its own, or go out of business. If you’re riding it out, not much to do other than go to work and let it run its course.

I believe the company will eventually liquidate. That being said I don’t want to see that happen. Tens of thousands of innocent people will lose their jobs through no fault of their own if that happens. You would have to be pretty messed up to want to see that happen. Have a little empathy. Airlines in dire stress have turned it around in the past.

 

If you haven't covered your ass at this point, you can not claim no fault of your own

 

Thats essentially my point.

 

I think TRUMP will say "you're fired". I cant see him agreeing to bail out NK. I guess we will find out next week. I hope that NK can somehow survive this tho.

 

I could see them trying to frame it as putting a company out of business and hurting others, causing job loss, and hurting people (voters) that need help affording flights which will pander to his sworn enemy the Democratic Party. Not that I agree or disagree just seeing that as an argument they may wield.

 

If you give money to spirit due to high fuel prices then you better give it to every other airline and company that’s affected by fuel prices also. This is a dumb but I guess desperate ask from NK.

time to close it up.

 

If it was even true to begin with I am assuming the reported “rumored ch. 7 by the end of the week” may have been delayed for this last ditch effort.

Your last sentence though. Not nice.

 

Here is the DOT response when they were asked about it. Looks like it could be politically advantageous and save jobs, while helping preserve low fares.


“We're monitoring the situation surrounding Spirit.

As you know, Spirit's financial difficulties stretch back to its first bankruptcy in 2024 and the failures of the last administration.

When Joe Biden and Pete Buttigieg blocked a proposed Spirit/JetBlue merger in 2024, their DOJ bragged it was "a victory for U.S. travelers who deserve lower prices and better choices." If American consumers were faced with one fewer ultra low cost carriers, they would obviously disagree.”

 

Hypothetically If the government was willing to give NK a check what would the numbers on that check be?

Assume this Is a one time interest free loan with a 20 year term.

 

This is all much water under the bridge. Spirit had offers from Frontier after the failed JetBlue merger, which spirit leadership shot down. Heck, the offers were probably acceptable valuations but to an incompetent leadership team that has now driven the company into a ditch that couldn't withstand a shock that is known to appear in this industry, aka fuel price spikes, hubris or shock got the better of them. Now they should get nothing. I do think A4A, ALPA, AFA and the Airport lobby groups at least should go and both represent the interests of their stakeholders and tell the administration that if they get money, we should all get money. On the other hand, if they fail, we will endeavor to offer every single one of their employees interviews for positions that they are qualified for, and the routes that are lost will be quickly filled with at least some basic economy fares. That is all much better than saving a Company that has been sitting there digging it's own hole for years now.