Judge Smails

The decrease in RASM was expected. We're dumping a large number of seats onto the market and it takes time for new routes to mature. We're still making a sh!tload of $$$.

This does absolutely nothing to change my contract expectations, and it shouldn't do anything to change yours.

falcon2000aj

^^this.. Not to mention all the new routes for all that new capacity increase takes time to fill... We seem to be able to fill seats faster than most in new cities... This was all expected with a 30% capacity increase. Which is about 10-12% more than we have averaged over the past four years...

Rainbows

Who cares a flip 'bout the stock, all that does is effect how much baldanza and the fat cats make. It does nothing to determine how much we should be paid. This will just mean we will be flying bigger planes with more people in them. We should be paid like it.

falcon2000aj

Well, I care...cause I own it.

Lobaeux

As do I, and today was a killer. -10.07%, a loss of over $500M in market cap in one day.

Devestating.

Dr Pepper

Only about half the RASM decline was from growth, the rest was related to pricing. DFW was hit especially hard due to SW expansion and cheap fares.
Stock doesn't drop 10% for no reason.

ovrtake92

All stock is down today. I think We'll survive...

falcon2000aj

Yes, I was going to mention SWA... They compete with us now on every route we fly out of DFW, they fly out of Love... I'm not sure how long AA and SWA can keep their pricing down to compete with ours??

Dr Pepper

Agreed. It sounds like SW has started raising fares out of DFW thus the increase in our load factors. Hopefully we can soon raise our fares too.
Really the only thing that scared me on the call was how significant of an effect SW had on DFW when they are planning large expansion out of FLL next.

GeauxPro

If a Spirit pilot values his/her investment in Spirit stock, he/she must realize that the moves BBB takes to keep the stock overvalued are in direct conflict with our expectations of making higher wages as a Spirit pilot.

There was a time in the world when business managed themselves for profitable operations. If their management was basically intelligent and honest, they managed themselves for profits in the long term.

That time is past. Wealth is created now with increases in stock valuation, not in running a profitable operation. BBB will do what he has to keep the stock value up. Our best hope of a pay raise will be when the participants on these investor calls get scared of labor unrest.

When's the next picket event at Mirimar? at Wall Street? Delta sent their pilots to Wall Street to picket ten years ago, we should do the same.