United Airlines Holdings Inc (NASDAQ:UAL) CEO Scott Kirby spent part of his company’s Q1 earnings call Tuesday publicly lobbying against the Trump administration’s looming rescue of Spirit Aviation Holdings (OTC:FLYYQ), calling the discount carrier’s business model “fundamentally flawed” and arguing no federal intervention was warranted.
Kalshi traders are pricing it to happen anyway.
What Kirby Said
“I feel bad for the people of Spirit, but it’s been pretty obvious that Spirit’s business model was fundamentally flawed and the airline was not going to be able to make it or ever cover their cash operating costs. So I hope that doesn’t happen,” Kirby said.
He framed the broader industry case against a bailout just as bluntly.
“Well run airlines are still solidly profitable even in this environment as you can see from United. I don’t think this crisis is anywhere near big enough to cause the need for an airline bailout.”
Kirby added that United had “so distanced” itself …
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