Spirit Airlines: Bailout Call Option [Seeking Alpha]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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US:NASDAQ Investor Relations:
ir.spirit.com
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Source: Seeking Alpha
Summary Congress seems to have changed its mind, grant money for airlines is back on the table. We can look to 9/11 as a precedent to estimate how direct federal aid would be distributed. Spirit stands to receive $1 billion in grants to fund payroll, relative to a market cap of $890 million. On Tuesday 3/24, Congress seems to have reversed course on an airline bailout package SAVE witnessed massive dilution GM were wiped out entirely in Chapter 11 bankruptcy What value should Spirit investors attach to this bailout call option? To gauge the financial implications, we can look to the closest precedent we have: the terrorist attacks of September 11th, 2001. After 9/11, President Bush signed an airline bailout packag Spirit is not a member of Airlines for America, the trade group that's been in communication with the federal government for assistance, but the 9/11 bailout package was industry-wide, and even included helicopter companies was dependent on the proportion of available seat m
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News
- Analysis-Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy [Yahoo! Finance Canada]Yahoo! Finance Canada
- What does the Spirit Airlines bankruptcy mean for airfares? Experts weigh in. [Yahoo! Finance]Yahoo! Finance
- How Spirit Airlines' Bankruptcy Filing Will Affect Holiday Flights [Yahoo! Finance]Yahoo! Finance
- Spirit's bankruptcy won't impact holiday travelers, experts say. But frequent flyers and routes could be impacted next year [Yahoo! Finance]Yahoo! Finance
- More from CNN [CNN]CNN
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/13/24 - Form 8-K
- SAVE's page on the SEC website