Government BAILOUT Spirit
#51
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Joined: Aug 2023
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Right, but the original point where this back and forth started in this thread was a large majority of Spirit’s pilot group (or any pilot group) would have previously complained about a bailout of another airline, but when they need it they rationalize why it’s okay.
For the record I’m completely fine with any and all avenues to help Spirit survive, but unless their business model can evolve I see all presented opportunities as bandaids over a large wound. The ULCC model was billed to give carriers like Spirit a major competitive advantage against legacy airlines when fuel prices spike; however, that has never been the case.
Good luck to everyone there and I hope better days are ahead.
For the record I’m completely fine with any and all avenues to help Spirit survive, but unless their business model can evolve I see all presented opportunities as bandaids over a large wound. The ULCC model was billed to give carriers like Spirit a major competitive advantage against legacy airlines when fuel prices spike; however, that has never been the case.
Good luck to everyone there and I hope better days are ahead.
#52
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Joined: Jan 2021
Posts: 178
Likes: 32
That may be..but the decision was appealed and then subsequently both parties terminated the deal. In my opinion JetBlue realized they were WAY overpaying for the deal and this was their out. If you want to place blame, put in on the Spirit BOD that backed out of the only actual viable deal they had with F9. Greed got them
#53
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Joined: Jan 2016
Posts: 491
Likes: 68
That may be..but the decision was appealed and then subsequently both parties terminated the deal. In my opinion JetBlue realized they were WAY overpaying for the deal and this was their out. If you want to place blame, put in on the Spirit BOD that backed out of the only actual viable deal they had with F9. Greed got them
#54
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,847
Likes: 653
From: Engines Turn or People Swim
Right, but the original point where this back and forth started in this thread was a large majority of Spirit’s pilot group (or any pilot group) would have previously complained about a bailout of another airline, but when they need it they rationalize why it’s okay.
For the record I’m completely fine with any and all avenues to help Spirit survive, but unless their business model can evolve I see all presented opportunities as bandaids over a large wound. The ULCC model was billed to give carriers like Spirit a major competitive advantage against legacy airlines when fuel prices spike; however, that has never been the case.
Good luck to everyone there and I hope better days are ahead.
For the record I’m completely fine with any and all avenues to help Spirit survive, but unless their business model can evolve I see all presented opportunities as bandaids over a large wound. The ULCC model was billed to give carriers like Spirit a major competitive advantage against legacy airlines when fuel prices spike; however, that has never been the case.
Good luck to everyone there and I hope better days are ahead.
But does this fix the business mode? I think we know the answer.
#55
Line Holder
Joined: Sep 2021
Posts: 287
Likes: 15
That may be..but the decision was appealed and then subsequently both parties terminated the deal. In my opinion JetBlue realized they were WAY overpaying for the deal and this was their out. If you want to place blame, put in on the Spirit BOD that backed out of the only actual viable deal they had with F9. Greed got them
#56
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,847
Likes: 653
From: Engines Turn or People Swim
Spirit would be JetBlue right now had a crooked administration not blocked it. Their argument was that Spirit is needed for competition…now Spirit is not needed for competition? They can’t have it both ways. The government can’t just sink a company by playing both sides.
#59
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Joined: Jun 2019
Posts: 95
Likes: 100
So what’s going to change if spirit gets the 500 mil?
they all of a sudden going to be profitable?
Im all for saving jobs but spirit management squandered profits away for years when every other airline made **** tons of money. That behavior does not deserve a govt handout reward.
they all of a sudden going to be profitable?
Im all for saving jobs but spirit management squandered profits away for years when every other airline made **** tons of money. That behavior does not deserve a govt handout reward.
#60
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Joined: Oct 2023
Posts: 29
Likes: 6
On one hand, I'm happy for the employees. On the other hand, what message does it send to the rest of the airline industry... can our airlines now be reckless with their finances and expect bailouts when that financially reckless behavior doesn't pan out? What's the incentive for doing the right thing?
In 2008, Aloha, ATA, Champion, Skybus all shut down within days of each other. ZFG by the government. What's so special about Spirit especially with other, stronger airlines hanging on? If anything, it's a cautionary tale. Personally, I think the government should stay the hell out of any mergers or "antitrust" issues - if businesses want to buy each other or merge, that's none of the government's business. The only thing I trust the government to do correctly and efficiently is to kill people and screw up a black cup of coffee.... The market finds a way. The government screws it all up.
In 2008, Aloha, ATA, Champion, Skybus all shut down within days of each other. ZFG by the government. What's so special about Spirit especially with other, stronger airlines hanging on? If anything, it's a cautionary tale. Personally, I think the government should stay the hell out of any mergers or "antitrust" issues - if businesses want to buy each other or merge, that's none of the government's business. The only thing I trust the government to do correctly and efficiently is to kill people and screw up a black cup of coffee.... The market finds a way. The government screws it all up.
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06-03-2008 05:55 PM



