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by tankenmate 719 days ago
Not particularly; a number of Spirit's business units have been running at a loss for over a decade. Another way to put it is that Spirit's shareholders got hosed by Spirit's management.
1 comments

But the shareholders collectively outrank the company management in a public company. So it is their failure as well, and so they have to take the L on this too.
Indeed, I think it would be fair to say that no one covered themselves in glory in the whole debacle.