Thread: In the Boston Courtroom.
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Old 01-16-2024 | 12:22 PM
  #151  
sailingfun
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Originally Posted by planejoe
The court documents specifically stated that Spirit's executives have a plan to get back to profitability. So it wouldn't be an FU, it would just be a failure of those executives to deliver.


"Although Spirit is struggling, its executives testified that the airline had a long-term plan to return to profitability." See, e.g., Tr. Ex. 678 at 2; Tr. 11/7/2023

https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.461.0_8.pdf
Every airline plan I have seen to return to profitability involves cutting worker pay and establishing large management retention bonuses to insure they keep their management talent! Then they tack on performance bonuses for management based on metrics no one understands. If they don't meet the vague metrics they simply change them.
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