The official good news Spirit Thread
#222
Guest
Posts: n/a
Well ladies and gentleman my job here is done.
A heart felt thank you to all the Spirit team members for not giving up hope. The next year is going to get interesting.
Phase 1 bailout and exit bankruptcy
Phase 2 break even Q4
Phase 3 take first new delivery and go public “again”
Phase 4 accept acquisition from (confidential) government gets their investment back.
Live happily ever after longevity intact.
P.S. save every drop of fuel you possibly can. Seriously every drop. SE taxi, OPT ALT, short cuts, idle DES, Flap3 and APU off.
Signing off,
The calm Captain
A heart felt thank you to all the Spirit team members for not giving up hope. The next year is going to get interesting.
Phase 1 bailout and exit bankruptcy
Phase 2 break even Q4
Phase 3 take first new delivery and go public “again”
Phase 4 accept acquisition from (confidential) government gets their investment back.
Live happily ever after longevity intact.
P.S. save every drop of fuel you possibly can. Seriously every drop. SE taxi, OPT ALT, short cuts, idle DES, Flap3 and APU off.
Signing off,
The calm Captain
#223
Gets Weekends Off
Joined: Aug 2020
Posts: 2,682
Likes: 167
Didn’t mean to be political. I think that it’s bad that the government is possibly going to throw half a BILLION dollars at a company that hasn’t been able to make money for years, even with cheap gas. I don’t wish harm for the employees, but this is a colossal waste of taxpayer money. This is after Duffy talked about throwing good money after bad. The irony to me was how this administration initially claimed to be attacking government waste, and then they write a check for $500,000,000. I will never cease to be amazed at how wasteful our government can be.
#224
On Reserve
Joined: Jun 2025
Posts: 112
Likes: 39
Didn’t mean to be political. I think that it’s bad that the government is possibly going to throw half a BILLION dollars at a company that hasn’t been able to make money for years, even with cheap gas. I don’t wish harm for the employees, but this is a colossal waste of taxpayer money. This is after Duffy talked about throwing good money after bad. The irony to me was how this administration initially claimed to be attacking government waste, and then they write a check for $500,000,000. I will never cease to be amazed at how wasteful our government can be.
#225
On Reserve
Joined: Mar 2012
Posts: 182
Likes: 25
Didn’t mean to be political. I think that it’s bad that the government is possibly going to throw half a BILLION dollars at a company that hasn’t been able to make money for years, even with cheap gas. I don’t wish harm for the employees, but this is a colossal waste of taxpayer money. This is after Duffy talked about throwing good money after bad. The irony to me was how this administration initially claimed to be attacking government waste, and then they write a check for $500,000,000. I will never cease to be amazed at how wasteful our government can be.
That is an incredible amount of economic damage..
And hence why $500mil to stabilize the market is probably the best choice.. even if other airlines come after..
#226
Gets Weekends Off
Joined: Nov 2005
Posts: 2,710
Likes: 51
What is the legal process for an executive branch to provide a bailout without congressional approval?
#227
On Reserve
Joined: Mar 2012
Posts: 182
Likes: 25
I believe the precedent started with airline bailouts in 2001, bank bailouts in 2008, airline bailouts in 2020, Intel I guess took a similar deal 3 years ago.. so.. there's undoubtedly precedent for it..
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