Spirit Airlines Is Winding Down All Operations
spiritrestructuring.com
Spirit Airlines Is Winding Down All Operations
1–10 of 111 posts
Re: Spirit Airlines Is Winding Down All Operations
#2Too bad. Capitalism working as it should and no last minute government bailouts for failing companies.
The market should decide and determines winners and losers, not the government.
So compete.
Re: Spirit Airlines Is Winding Down All Operations
#3> Winding Down
> To our Guests: all flights have been cancelled, and customer service is no longer available
That seems quite a bit stronger than “winding down”!
Re: Spirit Airlines Is Winding Down All Operations
#4This process may seem ugly, but just like biological death is necessary for an ecosystem, this sort of death/restructuring is essential for capitalist economies. Assets and capital get reallocated to better uses. It's all part of the circle of life.
Re: Spirit Airlines Is Winding Down All Operations
#5[flagged]
Re: Spirit Airlines Is Winding Down All Operations
#6Too bad. Capitalism working as it should and no last minute government bailouts for failing companies. The market should decide and determines winners and losers, not the government. So compete.
Re: Spirit Airlines Is Winding Down All Operations
#7[flagged]
Is this an actual question? I’ll answer it anyway: because they had nothing to do with financial market risk shenanigans and just wanted to get somewhere.
Re: Spirit Airlines Is Winding Down All Operations
#8I am so grateful for this announcement. In a time when gas prices are high, Spirit should be the kind of capitalist example that dominates. Instead, it goes bankrupt despite the President trying to nationalize it. Thanks be to the God of money.
Re: Spirit Airlines Is Winding Down All Operations
#9Too bad. Capitalism working as it should and no last minute government bailouts for failing companies. The market should decide and determines winners and losers, not the government. So compete.
can't help but think of the deadweight loss to the US over lack of free market capitalism in terms of bailouts, price supports & subsidies, monopolies, etc. every day we stray further and further from this system we purport to have.
edit: do folks not think more competition would be better for consumers? i'm no stan of capitalism but surely it could be made better, sheesh.
Re: Spirit Airlines Is Winding Down All Operations
#10[flagged]
The customers are creditors.