3 ms·
Spirit's assets are almost entirely their slots at ORD, EWR, LAX and LGA. They don't many of their planes.
by selectodude 5mo ago
Spirit's assets are almost entirely their slots at ORD, EWR, LAX and LGA. They don't many of their planes.
- cuuupid 5mo agoI hear this a lot but their fleet is valued upwards of a billion, they own most of their fleet it was just financed with debt (it's not like a house where the bank has equity in the asset, the lender has debt with spirit and levers on that debt that control what it converts to on default but Spirit legally owns the planes). The slots are <100M total