Spirit Bankruptcy Rumors

[eolesen]

The article is titled for Azul.... Spirit is briefly mentioned, but this is the second source this week questioning if they'll be filing or not...

https://www.thestreet.com/travel/is-azul-airlines-going-bankrupt

The Harris-Biden administration turning down the merger with JetBlue really accomplished a lot if they do wind up filing. The stock has lost over 80% of its value, and they're furloughing pilots.

 

[WeAAsles]

The article is titled for Azul.... Spirit is briefly mentioned, but this is the second source this week questioning if they'll be filing or not...

https://www.thestreet.com/travel/is-azul-airlines-going-bankrupt

The Harris-Biden administration turning down the merger with JetBlue really accomplished a lot if they do wind up filing. The stock has lost over 80% of its value, and they're furloughing pilots.

The Biden-Harris administration has done nothing but attack the Airline Industry. The Harris-Waltz administration will be just as bad.

Down 97%, Is It Time to Buy Spirit Airlines Stock? | The Motley Fool

The sentiment surrounding this business has never been lower.

www.fool.com

 

[WeAAsles]

If AZUL and Spirit went under it would absolutely make for some interesting changes where I work. (FLL)

https://seekingalpha.com/article/4719060-azul-fx-challenges-and-debt-restructuring-concerns-make-it-a-stock-to-avoid

 

[WeAAsles]

Well it’s no longer a rumor. Spirit Airlines is now Bankrupt. Congratulations to the DOJ since they’re the ones who ultimately made this happen.

Budget travel icon Spirit Airlines files for bankruptcy, facing mounting losses
https://www.cnbc.com/2024/11/18/spi...are|com.apple.UIKit.activity.CopyToPasteboard

 

[eolesen]

It's a pre-packaged bankruptcy, which means the debtors agreed to keep the guys who led Spirit into going broke will remain in control.

 

[WeAAsles]

It's a pre-packaged bankruptcy, which means the debtors agreed to keep the guys who led Spirit into going broke will remain in control.

Working for a competitor I’d have to call that a good thing then.

Maybe they can spend a few more mullion for some nice foliage around that new $500 Million Corporate HQ they just finished in Dania Beach.

 

[eolesen]

Or, it keeps them around long enough to have Trump in office and a merger with F9 approved at a much lower cost than what it would have been 2 years ago.

 

[CorvetteMan]

Or, it keeps them around long enough to have Trump in office and a merger with F9 approved at a much lower cost than what it would have been 2 years ago.

Frontier walked away for a second time just recently

Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down

Spirit Airlines shares plunged Wednesday on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings collapsed.

www.investopedia.com