WSJ has called it
05-01-2026 | 09:08 AM
#52
On Reserve
Joined: Apr 2026
Posts: 11
Likes: 21
Anyone thinking that the Trump administration was going to actually go through with this ridiculous promise needs to have their head examined. Would love to see who the stock market winners were on this one. Nothing but stock manipulation for a couple of weeks. Just watched our "Dear Leader" at 12:55 EDT basically walk back his promise to help as only he can do. Total con and BS.
05-01-2026 | 09:09 AM
#53
In a land of unicorns
Joined: Apr 2014
Posts: 7,072
Likes: 102
From: Whale FO
05-01-2026 | 09:11 AM
#54
On Reserve
Joined: Nov 2023
Posts: 106
Likes: 92
05-01-2026 | 09:13 AM
#55
On Reserve
Joined: Apr 2026
Posts: 11
Likes: 21
Correct. Congress would have to pass the legislation and appropriate the money. Pres doesn't have the unilateral authority in this particular situation (Intel was different and so was the rare earth deal). Moreover, it appears that it's Spirit's bond holders who are refusing to be subordinate to the gov't in terms of debt repayment. Congress won't even consider anything unless the gov't has the primary position.
05-01-2026 | 09:22 AM
#56
On Reserve
Joined: Nov 2022
Posts: 106
Likes: 39
Correct. Congress would have to pass the legislation and appropriate the money. Pres doesn't have the unilateral authority in this particular situation (Intel was different and so was the rare earth deal). Moreover, it appears that it's Spirit's bond holders who are refusing to be subordinate to the gov't in terms of debt repayment. Congress won't even consider anything unless the gov't has the primary position.
If the administration really wanted to push something like this, I wouldn’t bet on Congress being the limiting factor. More likely you’d see some obscure statute dusted off and stretched to fit, then the whole thing gets kicked to the courts to sort out afterward.
05-01-2026 | 09:27 AM
#57
On Reserve
Joined: Apr 2026
Posts: 11
Likes: 21
Congress has shown it’s been more than willing to let the administration take the lead when it’s politically convenient so they can keep their insider trading and then go saber rattle on X.
If the administration really wanted to push something like this, I wouldn’t bet on Congress being the limiting factor. More likely you’d see some obscure statute dusted off and stretched to fit, then the whole thing gets kicked to the courts to sort out afterward.
If the administration really wanted to push something like this, I wouldn’t bet on Congress being the limiting factor. More likely you’d see some obscure statute dusted off and stretched to fit, then the whole thing gets kicked to the courts to sort out afterward.
05-01-2026 | 09:27 AM
#58
Line Holder
Joined: Oct 2023
Posts: 302
Likes: 95
The FAA air carrier certificate only talks about the technical certification of the airline to conduct flight operations. Airlines also need a "Certificate of Public Convenience and Necessity" from the Department of Transportation. That's basically the DOT has found the airline capable of operating as a going concern from an financial standpoint. You need both. Lose one or the other and you're done.
05-01-2026 | 09:29 AM
#59
On Reserve
Joined: Sep 2025
Posts: 37
Likes: 39
Facts matter. Spirit approached the administration and begged for help. Trump wanted to assist although it would have to be Congress to pass the legislation and appropriate any money. Apparently, Spirit's bond holders won't agree to be subordinate to the govt in terms of debt repayment. If you're gonna blame anyone, blame the BIDEN ADMIN for suing to stop Spirit's merger with Jet Blue.
Stop using this excuse and blame the real parties responsible for this meltdown...Management, plain and simple! Did you ever hear Trump say even one time that he needed congressional approval for a deal? No you didn't. This was a PR stunt plain and simple and a few in the know probably made some quick cash manipulating the stock.
So yes, Kirby "Was Right". His timing was just off by a few months. Anyone with a basic business degree could see this coming a mile away.
05-01-2026 | 09:38 AM
#60
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
use 2 GFDs and float unused vacation to April (if same bid month) and 2 for May. I would want to get time out of sick and vacation and onto the monthly credit. Then sad to say, I’m calling out sick. You won’t see that sick pay
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