
The DEEP Marcellus
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The DEEP Marcellus
@InvestInOnG
Living on Gucci gas #EFT #I❤️🍁OilnGas
UpUpUpper Marcellus Inscrit le Haziran 2010
1.4K Abonnements8.1K Abonnés
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Folks…we have Herculean task this holiday season in my community. If you are looking to make a difference for a young child this holiday…please let me know. Venmo is @VikingsHelping-Vikings This is the 15th yr we’ve been doing this now. 1/2 facebook.com/share/p/1BeZxX…
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The DEEP Marcellus retweeté
The DEEP Marcellus retweeté

Congress gave you $2 Trillion to fix our nation’s infrastructure 5+ years ago
But the roads still suck.
$2T is forty Iran wars if your math is righr.
Pete Buttigieg@PeteButtigieg
We now know the Iran war price tag is more like $50 billion - hundreds of dollars per household - and counting. It's enough to cover all the health insurance premium credits that the Republicans got rid of for this year, and next. It could save rural hospitals, pay teachers, fix roads. Don't let this White House insult your intelligence by blowing your money on war, then saying America can't afford nice things.
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@InvestInOnG @RealChadEros Not fair to compare BC to NS (or anywhere else for that matter). NS barely flipped liberal, mostly because they ran an objectively more engaged, better candidate than the incumbent. Most Nova Scotians are conservative and righteously pissed off.
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The DEEP Marcellus retweeté

I love how Chinese people don’t even believe this crap but western shills do. This is a good read thx.
hamsters🌐🐹@sigmahamster2
As promised, a rather detailed response to all the leftist nonsense about China’s housing market. 🔗: @hampsters/note/p-196182645?r=5a4v6d&utm_medium=ios&utm_source=notes-share-action" target="_blank" rel="nofollow noopener">substack.com/@hampsters/not…
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@RobertMSterling @InvestInOnG Blue and Spirit merge, chapter 11, JB emerges in a good position, nobody stranded and more employed.
The funny thing is the people that eat it in this scenario are the “evil rich”
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[LONG RANT]
“Spirit would have just made JetBlue go bankrupt anyway! You can’t blame Biden or Warren!”
Do you guys know what bankruptcy is? I’m not trying to be rude, but do you understand that not all bankruptcy processes are the same (or even comparable), and that there are MAJOR differences between Chapter 11 and Chapter 7?
Let’s set aside the particulars of JetBlue’s financial position and assume these people are right. Let’s grant them that—for purposes of argument—acquiring and integrating Spirit would have been the death knell for JetBlue’s lackluster balance sheet. (This is far from guaranteed, and I promise you that none of the people on social media making these claims have analyzed the company’s financial statements, let alone built a forecast for the business or looked at its solvency ratios.)
JetBlue, under the worst case scenario, would be suffering from a balance issue, not a fatal structural issue with the company’s business model itself. In other words, it is not the case that JetBlue is a fundamentally “bad business” that shouldn’t exist. It just shouldn’t exist with the level of debt that it currently maintains (~$9.5B of debt and lease obligations, compared to EBITDA of $490M in 2024 and $284M in 2025). Finance bros would say it has “viability as a going concern,” just not with the level of liabilities currently on its balance sheet.
When a company has a business model that fundamentally works—when it is viable as a going concern—but it is not able to service its liabilities, the company doesn’t just fold up and shut down. It generally goes through a restructuring process, either directly with creditors (you’ll hear the term “liability management exercise” from smart guys like my absolute bro @HighyieldHarry a lot) or via the court system. When the process is pursued via the court system, it is a Chapter 11 bankruptcy. This is what Spirit attempted—twice—after the Biden administration sued to block its sale to JetBlue.
In a Chapter 11 process, the company generally reorganizes its operations (burdensome contracts are renegotiated, new executives are sometimes brought in, etc.) and restructures its balance sheet (debt terms are modified, and owners of common equity, at the bottom of the capital stack, usually take substantive haircuts, if they’re not wiped out entirely).
But here’s the most important part of Chapter 11—and I’m going to capitalize this for emphasis:
THE BUSINESS DOES NOT STOP OPERATING.
Not only does it not stop operating, its stakeholders—vendors and suppliers, for example—often aren’t allowed to stop working with them. Business goes on, the lights stay on, employees get paid (assuming temporary financing is lined up), and customers continue to be served. For the company, the world keeps turning, even if its equity owners know their days are limited.
Under the worst case scenario, this is what would have happened—what still might happen—to a post-Spirit-acquisition JetBlue. Its planes would have kept flying, its employees would have continued receiving paychecks twice a month, and most passengers would not have even known any difference.
Ultimately, the company exits the Chapter 11 process with a healthier balance sheet, better prospects for its future, and a new lease on life. Countless companies—including nearly every major US airline, as well as General Motors and Chrysler—have gone through this process and gone on to operate as successful commercial enterprises. I have zero doubt that, in this hypothetical scenario, JetBlue would end up being one of them.
Now, let’s talk about what just happened with Spirit.
Spirit isn’t going through Chapter 11 right now. It tried that twice already, and both times were insufficient. Spirit is therefore now filing for Chapter 7 bankruptcy.
Chapter 7 is liquidation. It is, for all intents and purposes, the end. Operations cease. Passengers get stranded at distant airports. Employees don’t get their paychecks, let alone creditors their debt serviced.
If Chapter 11 is surgery and physical therapy for a business, Chapter 7 is capital punishment. It is corporate death.
In a Chapter 7 process, the company’s assets are sold off—generally in piecemeal fashion—to the highest bidders, proceeds from which are used to satisfy creditors. In the case of Spirit, this will involve its fleet of planes (those that are owned, not leased) being sold off to other carriers, as well as ground equipment. Gate slots and leases—which are extremely valuable at space-constrained airports—will also be sold off to other airlines.
Spirit’s customer file—the names, email addresses, and contact information of its customers—will probably get sold off to whichever scammy direct marketing firm is willing to pay the most. Even the Spirit brand itself will also be sold (Spirit Halloween, you guys have the opportunity to do the funniest thing ever.)
Spirit’s creditors will be partially repaid. They will have a bad quarter, perhaps even a bad year. But they will, by and large, be fine.
You know who won’t be fine?
Spirit’s 15,000+ employees. They are—to use the proper legal and financial term—up shit creek. The company’s pilots will get scooped up by other airlines, though they and their families may have to relocate. Flight attendants may or may not get jobs elsewhere, as will its ground staff and its corporate employees (accountants, IT staff, etc.). But it’s not exactly the best white-collar job market right now.
This is why it’s so infuriating to see people say Spirit would have dragged JetBlue into bankruptcy regardless, and that we therefore should not hold cynical, incapable politicians accountable.
A JetBlue bankruptcy—which, again, would not have been a sure bet by any stretch of the imagination—would have been a Chapter 11 reorganization. Possibly even an out-of-court restructuring among the company and its creditors.
Spirit’s bankruptcy, on the other hand, is the end. The company is dead.
The two aren’t comparable. And this is a really shitty day for a lot of decent people that didn’t deserve any of this,

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The DEEP Marcellus retweeté

@jakozloski And those 1500 probably have no actual desire to get married and have kids 😂 It amazes me how delusional people are.
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@tallnfat Sorry to hear that man
I know Shrub was playing in & out of it
My issue with the Spirit decision was that it would likely result in a bankruptcy, which would certainly harm consumers more than a sale
The avg person might fly a discount airline once every 30 months
Auto fin %
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The DEEP Marcellus retweeté

@ConservaWonk All you have to do is read their own publications. They have been at war with us for years by their own definition.
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The DEEP Marcellus retweeté

Don't blame #China for doing this. Blame ourselves for letting it continue to happen when this is obviously something the CCP has been pushing for years, decades really...
#Espionage
thefederalist.com/2026/05/01/two…
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