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Old 09-23-2023 | 07:04 AM
  #44  
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RemoveB4flght
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Originally Posted by Noisecanceller
I’ll be the first to admit I was wrong. I thought the ULCC could be the future of aviation and grow as large as it is in Europe. I thought we were the next southwest. I honestly believed we would be the first to profitability after Covid. I was wrong. So very wrong. The profit sharing checks at delta and United this year are going to be huge!

I think between spirit and frontier we have saturated the market and collected all the low hanging fruit available. Growing from here is going to prove challenging imo. Maintaining this size is going to be challenging with our current management wants a merger no matter what.

Working for indigo also not a viable option. Same business model and market forces, and we all know how it worked out the first time around.
Ok but we are a growth company and a growth stock. Other than paying down debts a bit faster or funding expansion, the amount of net profit we make is not the biggest economic factor. Revenues have consistently trended upwards over the last decade, and continue to do so. I don’t know how else to explain that huge leftover profits are not the goal of the company at this time. United and Delta are large mature companies that no longer rely on growth and expansion to boost share price, instead they focus on profits. They pay a dividend to shareholders, and the pilots get a slice of that. Spirit, or even a combined Spirit/JetBlue, is a long way from being large enough to take their foot of the growth accelerator and start divvying money to shareholders. As long as the bills are paid, profitability isn’t my chief concern. That’s not to say there aren’t improvements that management needs to make, but we keep adding routes, adding planes, and I see no market saturation in sight.

But hey, if your opinion is otherwise, why hang around? If you’re old enough to have more seniority than me, every day that passes makes your switch to a legacy less palatable. I’ll tell ya buddy, the Jet Blue merger isn’t some magic pill. If B6 is saddled with 3 billion of Spirit debt, they ain’t handing our profit sharing checks anytime soon, especially with several hundred aircraft and several thousand pilots and crew to train to get into legacy territory. If the uncertainty of a merger is excruciating for you, the uncertainty of the future after the court decision will be the same.
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