Originally Posted by
GPullR
Yet you lost money in the 3rd quarter while almost everyone made near record profits. And you want to increase labor costs significantly and think it's sustainable?? This is before a real nickle of merger costs kick in which will be astronomical.
Spirit is not losing money because of high labor costs. Spirit is losing money because they arent moving metal. Started out as meltdowns due to losing below the wing contractors in our largest bases resulting in several meltdowns. Why were we losing those employees? Low pay and a failure to keep up with logisitics companies plucking away at our workers. That issue still remains as i understand, and now they have the pilot attrition issue, costing this company roughly 3 hours of flying per aircraft per day. They ust wanna get back to 12 hours of utilization. They're not even considering 14 hours, unless that's what the red eye talk is all about. But let's get this clear. Pilot pay being too high is not why this management team isnt showing their shareholders a profit. Let's all just take paycuts! Yay!