Originally Posted by
Plane Ramrod
With oil at 90 + and climbing, I wouldn't bet on major growth. Doesn't bode well for an IPO either.
There's something to be said when every other carrier out there is gauging their growth cautiously next year; meanwhile, Spirit is bucking the trend to "go it alone" with their plans to hire around 100 pilots next year. What does Spirit managment know that other, well run airlines don't know?
The IPO was suppose to take place this month. Why hasn't it? Good luck getting institutional investors to take a chance on a 30-jet airline with even the
slightest perception that oil is on the rise.
I believe you are correct PlaneRamrod. I have no doubt that in the near future Spirit and most other airlines out there will be talking about hunkering down, instead of launching hiring plans on a mass scale.
I would rather see Spirit hunker down, conserve their cash, and fortify their core markets (including increasing Colombia frequencies), rather than attempt to "expand" and "stimulate demand" into markets where no one has a clue how it's gonna go. It may work, it may not. But with oil on the rise, its easy to burn through cash quickly. And yes, I'm specifically talking about garden spots like Latrobe and Charleston, WV.
Please...