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Message
re: Why wasn’t America’s Airline (Spirit) bailed out?
Posted on 5/2/26 at 12:15 pm to Huge Richard
Posted on 5/2/26 at 12:15 pm to Huge Richard
quote:
Why should the government bail out an airline?
quote:
They do it repeatedly
Apparently the executives at Spirit didnt bribe the right senators and congresspeople. The big airlines know who and how much to pay.
1
Posted on 5/2/26 at 12:58 pm to Huge Richard
Simple fact! They have a business model which is guaranteed to fail. They cater to the uber-cheap airfare. Razor thin profit margin. Fuel prices increase for more than two weeks and you die!
Posted on 5/2/26 at 1:20 pm to Huge Richard
quote:
Why wasn’t America’s Airline (Spirit) bailed out?
Trump knew you’d complain if he bailed them out, but here we are still complaining.
Posted on 5/2/26 at 4:16 pm to Huge Richard
I just checked their stock price. It's $1 per share.
Posted on 5/2/26 at 4:26 pm to Huge Richard
Because riding a Greyhound bus is a classier experience than flying on Spirit Airlines.
Posted on 5/2/26 at 5:10 pm to Huge Richard
I didn't really want to be part owner of a crappy company with shitty management.
Posted on 5/2/26 at 5:24 pm to Huge Richard
quote:
Why did Pocahontas prevent the jet blue - spirit merger in 2022?
On the Nose!
Posted on 5/2/26 at 5:50 pm to Huge Richard
Unlike the legacy airlines (Delta, American, United & Alaskan), Spirit isn’t a bank.
Once an airlines gets tied into the banking system with air miles, it’s essentially a national bank. Which we all know how that goes.
Once an airlines gets tied into the banking system with air miles, it’s essentially a national bank. Which we all know how that goes.
Posted on 5/2/26 at 5:54 pm to Huge Richard
America's Airline? Is that what they called themselves?
Reminds me of Hustler back in the day, calling it America's Magazine.
Posted on 5/2/26 at 6:01 pm to Huge Richard
Who put the hoop in the whoop tee whoop tee dooo?
Who put the ram in the ramma lama ding dong?
Who put the ram in the ramma lama ding dong?
Posted on 5/2/26 at 6:06 pm to Huge Richard
Because no one wants to fly on Detroit airlines
Posted on 5/2/26 at 7:39 pm to Huge Richard
quote:
Why wasn’t America’s Airline (Spirit) bailed out?
Bailed out how? They already were swimming in debt so more loans were not going to help. Also one has to realize they were not a threat to the execution of our economy.
Realize all those butts in the seats of Spirit are just going to be sitting in a plane with another name on it. Somebody is going to make that income and hence the economy keeps on ticking.
Posted on 5/2/26 at 8:15 pm to GetmorewithLes
quote:not all of them, fortunately some of them won’t be able to afford the higher rates…
Realize all those butts in the seats of Spirit are just going to be sitting in a plane with another name on it.
Posted on 5/2/26 at 8:22 pm to Huge Richard
Capitalism allows business failures.....bailing out bad companies are against the ideology.
WE can do without Spirit.....although prices will go up!
WE can do without Spirit.....although prices will go up!
Posted on 5/2/26 at 8:28 pm to Huge Richard
quote:
Spirit Airlines going out of business is what it is, but here is what no one is talking about: who ultimately made the decision and pressed the button to liquidate?
Spirit’s creditors were negotiating terms for a bailout which would have included the US government taking warrants for 90% equity ownership of the business in exchange for a $500 million cash infusion. The distressed debt investors, looking to preserve investment losses, thought they had the upper hand at the table and chose to hold out for more value and counter the proposal. In response, Trump said no thanks and walked away.
While the Biden administration, Elizabeth Warren, Pete Buttigieg, and Lina Khan all had a hand to play in blocking a pro-free market merger with JetBlue in 2024, this negotiation dynamic and greed is what ultimately led to the death of Spirit Airlines.
Creditors and stakeholders in Spirit Airlines include Citadel, Ares, PIMCO, and Cyrus.
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Posted on 5/2/26 at 8:40 pm to Huge Richard
No more affordable travel anymore thanks to Trump
Posted on 5/2/26 at 8:48 pm to alphaandomega
Country is over $39,000,000,000 in debt; might have factored in,
Posted on 5/2/26 at 8:53 pm to Burt Reynolds
quote:
No more affordable travel anymore thanks to Trump
Found the special one
Posted on 5/2/26 at 9:47 pm to Huge Richard
quote:
Airlines got billions after 9/11 and during COVID
Those situations weren’t the airlines faults
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