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

 

[WeAAsles]

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.

I’d tend to agree and likely the reason Frontier walked away. Why not let them go through that Bankruptcy and maybe get some financials in order before joining forces.

If they do they really should get rid of the Spirit name and go with Frontier. The Spirit name is toxic and comes across as lower class than shopping at Walmart.