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Spirit Airlines down 40%, after warning it might not survive next 12 months
Posted on 8/12/25 at 5:07 pm
Posted on 8/12/25 at 5:07 pm
Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash
quote:
The company is working with different parties for other ways to rapidly raise cash, such as selling aircraft or some real estate assets. Spirit is also negotiating with its credit card processor, which wants extra money set aside as a safety net before it agrees to renew its deal, which ends on Dec. 31, 2025.....
and selling some of its spare engines and then leasing them back to get quick cash.
8
Posted on 8/12/25 at 5:27 pm to TigerintheNO
Walmart of the skies
Posted on 8/12/25 at 5:33 pm to TigerintheNO
Nobody wants to fly in them planes on the way to a nasty arse cruise.
Posted on 8/12/25 at 5:54 pm to sonoma8
quote:
SNAP card of the skies
FIFY
Posted on 8/12/25 at 6:01 pm to TigerintheNO
I thought they were still in bankruptcy. 
Posted on 8/12/25 at 6:15 pm to TigerintheNO
I'm shocked someone doesn't gobble them up, slap some paint on the planes and profit
Posted on 8/12/25 at 6:25 pm to kywildcatfanone
quote:
I'm shocked someone doesn't gobble them up, slap some paint on the planes and profit
Ughhhh, what? Ain’t no profiting from this. They begging for subsidies to a bargain airline
Why buy them now, when you can catch their assets on fire sale after they go under
Posted on 8/12/25 at 6:34 pm to TigerintheNO
Need it to stay afloat….
….. don’t need their clientele moving to the airlines I travel for work…..
….. don’t need their clientele moving to the airlines I travel for work…..
Posted on 8/12/25 at 6:52 pm to kywildcatfanone
Biden admin blocked their merger which sent them into bankruptcy.
Posted on 8/12/25 at 11:01 pm to TigerintheNO
Spirit collapsing will be far worse for competition than a merger would have been
Posted on 8/12/25 at 11:13 pm to sonoma8
quote:It wishes.
Walmart of the skies
If anyone ever feels bad about their investing career, consider that I once had an irresponsible amount of SAVE shares at like $95.
Posted on 8/12/25 at 11:31 pm to sonoma8
quote:
Walmart of the skies
More like the Waffle House or IHOP
Posted on 8/13/25 at 4:21 am to TigerintheNO
I sat next to some Spirit Airlines flight attendants at breakfast at the DoubleTree Hotel near New Orleans airport last year. After hearing that conversation I’m definitely never flying Spirit at any time. They were bragging about how they yell at all their ghetto passengers for asking for water when “bitch you know this water ain’t free.” It was pretty entertaining.
Posted on 8/13/25 at 6:02 am to kywildcatfanone
quote:
I'm shocked someone doesn't gobble them up, slap some paint on the planes and profit
JetBlue tried, but got blocked last year by the DOJ with a judge saying such a sale/merger would "substantially lessen competition" by essentially eliminating Spirit's low-fare model for JetBlue's higher-fare one.
Posted on 8/13/25 at 6:43 am to Bard
Preposterous ruling. Both companies were just trying to survive. Besides, in transportation anyone can start up a company any time they want. It’s ridiculous.
Posted on 8/13/25 at 7:07 am to Bard
quote:
sale/merger would "substantially lessen competition" by essentially eliminating Spirit's low-fare model for JetBlue's higher-fare one.
But Spirit going under because they can't be bought wont.... right.
Hoping they survive, not that I will ever fly on them, but there needs to be a cheap option out there
Posted on 8/13/25 at 7:27 am to TigerintheNO
All the other airlines should bail out Spirit so they dont have to absorb all the childish behavior and fights whilst in the air.
It would be a benefit.
It would be a benefit.
Posted on 8/13/25 at 7:30 am to sonoma8
quote:
Walmart of the skies
Not even close. Spirit is a terribly run company. Wal-Mart is not going out of business in the next 12 months. These two companies are nothing alike.
Wal-Mart transcends class designations. It has actually found ways to get/keep/grow a customer base who cannot stand the Wal-Mart brick and mortar experience. Spirit will never be able to do that.
Posted on 8/13/25 at 8:03 am to Lsut81
quote:
But Spirit going under because they can't be bought wont....
Exactly. From what I remember, there was a lot of overlap between the routes of the two companies. Likely it would have just given JetBlue a slightly larger domestic footprint but the real payoff would have been getting more pilots and FAs (they are hurting for both).
Posted on 8/13/25 at 1:22 pm to Bard
JetBlue was overpaying anyway. They may have been saved from themselves ultimately and gobble up the assets for a lot less. (If they aren't bankrupt by then too)
This post was edited on 8/13/25 at 1:23 pm
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