https://www.cnbc.com/2022/08/09/spir...s-q2-2022.html
Originally Posted by
CNBC
Miramar, Florida-based Spirit posted a net loss of $52.4 million for the three months ended June 30. Revenue rose nearly 35% from pre-pandemic 2019 to almost $1.37 billion. Expenses soared more than 66% compared with three years ago. Its fuel bill more than doubled.
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In the current quarter, Spirit expects pretax margins between negative 1% and positive 1%, citing capacity constraints in Florida.
The company lost $52 million last quarter and are still having issues with Florida. But their plan to displace a huge portion of pilots to Florida still appears to be going forward. (In the last town hall Bendo seemed particularly happy that this is happening) The slow displacement method due to attrition the last few months looked like it was going well. I wonder what the hell they are thinking?