Well turns out bankruptcy rumors are true

    https://i.redd.it/znjktgj3gqsd1.jpeg

    Posted by Ragepower529

    28 Comments

    1. Swaminathan_Malgudi on

      I bought the dip at the start of the year and it has been dipping since. My worst investment (yet)

    2. i believe i joined that plane a few months ago.

      and get -50% loss so i jump off.

      glad i SAVE myself?

    3. They hinted at a bankruptcy about 8 months ago in January.

      Their last report showed significant cash shortfalls vs operating expenses.

      IF , (and that’s a BIG if) they restructure their debt, they may pull out of this and still keep operating, or operate under the guidance of an outside party.

    4. TheDirtyDagger on

      Who knew that averaging a six hour delay on every flight would eventually lead to poor financial outcomes?

    5. I lost nearly 200k on this heaping pile of shit and got stopped out at $5 on the merger news. Thanks for the refresher

    6. Syab_of_Caltrops on

      I love how the government blocked the acquisition to “preserve competition.” What happens if Spirit goes bust?

      Any person who thinks politicians and beurocrats can fix markets needs their head examined.

    7. FloridaArchitect2021 on

      I bought 2 puts and closed them a month ago when the stock didn’t budge fml

    8. FEMA_Camp_Survivor on

      Seems like Delta is going to have a near monopoly on much of the Southeast if this happens. Southwest already cut flights from Atlanta, perhaps Spirit might do the same. DAL is up 4%

    9. Anyone who’s flown on them 1 time would never invest in them knowing their time was limited.

    10. Fuck airlines and thier constant mismanagement and putting debt onto the public with thier BK bullshit.

      Let them fail

    11. We’re savvy investors around here, we’re gonna buy it after the bankruptcy announcement

    12. Think of the FedEx story. He almost went bankrupt, and went to the Vegas strip to save the company.

    13. MediocreDesigner88 on

      This is how stupid I am: I thought I bought some of this a while back, but apparently I bought $SPR Spirit Aerosystems, and it’s slightly up. πŸ˜…

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