Originally Posted by
JulesWinfield
Just to add, it doesn't really cost you much to apply and interview. You don't have to take the job if you are offered one. Generally, CJOs are good for a year+, so you can wait it out at Spirit and still have something in your back pocket. It seems like Boeing has cranked up production and will actually start delivering airplanes again, so the legacies should be ramping up hiring again.
This actually isn’t true. Many quite senior folks that left in the last round thought they would have more answers. Thought surely by their class dates they would know if Spirit would live or die in the near future. They never got those answers. You can’t push your class that far these days. Once you tell them no you don’t get another shot.
Some of those guys took 80% paycuts and now work every weekend and holiday.
I know I won’t tell a legacy no and right now can’t in good conscience tell them yes. We need to know what the plan is for Spirit. The thing that keeps me somewhat optimistic is when you are owed $2B you don’t liquidate an airline that owns next to nothing if there is any shot someone else sees value in the enterprise. You also don’t tell a purchaser no unless you think you can get more at a later date or from someone else, which is what they did twice.
In the mean time they have some airplanes that have value and aren’t leased. I’d expect to see those go and furloughs to happen. They need the cash to keep the fuel flowing in the near term. Simple as that.