John Ostrower

And actually, they rode a really healthy wave of growth right up until the pre-pandemic period.

And then things really went south.

I think it happened fairly steadily through these troubles.

But look, how do you go bankrupt?

It kind of happened slowly and then all at once.

And certainly the spike in fuel did not help that at all.

So here we are.

And they went bankrupt a few years back.

Yes.

They look to reorganize themselves in a more comprehensive way.

They got to a point where they were really running out of options with their lenders and their creditors.

And look, they went to the White House and said, hey, can you help us?

And the White House said, well, we'll see what we can do.

We will.

But like here we are on the opposite side of the end of operations and now they're liquidation.

And obviously the answer was that the deal did not come together.

How did things go so wrong for Spirit?

What happened?

So the short answer is, or I should say the long answer is, the pandemic changed the world.

And it allowed the major U.S.