Originally Posted by
Billy Tate
Spirit hasn't made money since 2019, has lost Billions over the last couple years. Spirit has a demand problem, debt problem, attrition problem, revenue stream problem, business model problem, ugly livery problem, NEO engine problems, and worst reputation in the industry problem. You think all of a sudden the new "Transition" team will fix all of this lol. It's called transitioning into Bankruptcy . What's currently happening can only continue for so long.
Demand isnt a problem, oversaturation caused by the company's Florida strategy is a problem. Attrition is no longer a problem. If one hasnt achieved a cjo elseware, then one is stuck here for at least another year. Spirit is currently overstaffed by 10 to 15%. We've got people on reserve that havent flown for two months or longer, and as far as negotiating a contract goes, lol im sure it's gonna be a laughable several years...if the company survives.
I agree engines are a definitive problem. I agree reputation is a definitive problem. Outside of that, Florida ATC is a definitive problem. Biden admin policy is a definitive problem. Still remarkable to me the Biden DOT is looking to effectively eliminate the strengths of ULCC model while the Biden DOJ has successfully argued the ULCC model is a public necessity.