How is Spirit Still Flying?
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The discussion has been raging for weeks, but it took on a new urgency in the last few days. Was a failure of Spirit imminent? The creditors were concerned, and the entire reorganization plan could fall apart in the face of rising fuel. Yet here we are, and Spirit is still flying — at least, it was when I wrote this on Sunday night. I can’t say I understand why. Spirit’s reorganization plan doesn’t seem realistic, and the likelihood is that creditors will just keep l
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