Bearish on $SAVE: Spirit won’t reemerge — no government bailout and repeated Chapter 11 failure seal the outcome.
SAVE is effectively dead—Spirit will never reemerge from bankruptcy and there won’t be a bailout, making the equity outcome largely unrecoverable given two failed Chapter 11 attempts and continued cash burn.
Spirit ran out of cash and shut down after a second bankruptcy, despite earlier restructuring, continued operating losses, and mounting fuel-price pressure. With creditors refusing further injections and the promised bailout failing to materialize, the equity has no credible path back.
"The Long Slow Death of Spirit Airlines"
