We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. Spirit Aviation Holdings, Inc. (OTC:FLYYQ) is one of the stocks discussed by Jim Cramer.
Spirit Aviation Holdings, Inc. (OTC:FLYYQ) created quite a bit of stir earlier this month when it announced its bankruptcy. The conflict in Iran appeared to be the final straw for the already struggling firm, as it declared that the shutdown was caused by high fuel prices. While Cramer hasn’t frequently discussed the stock recently, its troubles have crossed his attention. For instance, in December 2024, the CNBC TV host remarked that Spirit Aviation Holdings, Inc. (OTC:FLYYQ)’s failed merger deal with JetBlue was responsible for the firm deciding to cut its number of available flights. In this appearance, he discussed the airline and its bankruptcy in the context of political views about government intervention in mergers and acquisitions:
“Well I do think that we’re gonna go back, I think the Right, the Right wing is going to say this is what we’ve been saying. That if you block every single deal, the it’s possible that 17,000 people lose their jobs if Spirit goes under. I do think, that David, Spirit was as ill advised as I’ve seen. I remember talking about it with you in the morning, and we were just saying, what are they thinking, what are their advisers thinking?
“Yeah it did. They knocked em out, they knocked em out. You know this is a terrible thing. We need competition, David.”
Photo by George Morina on Pexels
Here are his remarks about Spirit Aviation Holdings, Inc. (OTC:FLYYQ) from December 2024:
“So the airlines are thriving because they actually kept their word and collectively cut back on new capacity that gave them all more pricing power. But why did that happen? Well, some of it’s because the low-cost carriers are struggling. Spirit Airlines drastically reduced its number of available flights after the regulators blocked them from merging with JetBlue. Well, that’s what you expect for an airline that filed for bankruptcy last month.”
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