Thread: Attrition
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Old 10-16-2023 | 11:49 PM
  #3355  
ScaryScaredGuy
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Joined: Oct 2023
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Default Attrition

Hello Folks,

the below message is the 7th one in my entire career politics and management always started like this in the past….i just can say leave the boat as soon as you can. 385 Million is a neck breaker. Everyone who thinking to stay with a CJO in his hand even it is a step back should consider this before stay!

Read the Message from ALPA and build your own scenario. Just an advise from a several times furlough pilot this is just the beginning!


Fellow Spirit ALPA Pilots,

As we previously communicated, the pilots at Alaska and JetBlue recently secured mid-contract pay improvements. At the direction of the MEC, the MEC officers and Negotiating Committee met with Spirit management representatives on Monday, Oct. 9 to address these developments and other potential threats to your future and to Spirit Airlines.

Compensation Gap to the Industry
The growing compensation gap between Spirit pilots and the rest of the industry poses a serious risk to our ability to attract and retain pilots and staff the airline. Despite delivering that message to management, they had a different assessment of the risk and specifically cited their financial concerns in rejecting consideration of a mid-cycle compensation adjustment to our current agreement.

Spirit Financial Performance
During the contract roadshows in December of last year, the consensus among analysts for Spirit’s full-year 2023 earnings estimate was an adjusted pre-tax profit of $61M. By contrast, the current estimate for full-year 2023 is an adjusted pre-tax loss of $325M, a difference of $386M that will negatively impact Spirit’s cash position. Analysts are mixed on Spirit’s return to profitability with some forecasting continuing losses in 2024.

Impact of Pratt & Whitney Engine Issue
It is becoming increasingly clear that the Pratt & Whitney engine issue is a threat to the job security of Spirit pilots and the airline as a whole. Spirit has already grounded a number of aircraft due to an Airworthiness Directive. The number of airplanes estimated to be grounded each month through 2025 is expected to be significant and could reduce planned pilot staffing throughout the period. The exact number of affected aircraft (engines) is unknown at this time, but Spirit is the carrier with the greatest exposure to this issue. We have called upon Spirit management to communicate further details about this problem and the effect it is having and will have on the operation and the business.

In a recent message from Spirit Flight Operations, the Company announced reduced pilot hiring and upgrades. The update from Greg Christopher, vice president —Flight Operations & OCC, last week did not indicate how long these reduced numbers will remain in place or how significantly the Pratt & Whitney engine issue will impact the operation over the next 24 months. We will continue to demand clarity from management and provide any information that becomes available.

The highest priority of this MEC is to secure the long-term well-being and prosperity of all Spirit pilots, and we will continue to advocate for any and all measures to safeguard our careers.

In Unity,
SPA MEC
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