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oh the missed upgrades. Imagine another 25 planes next year. Oh thats right. Spend $100 mil on stock buybacks instead of half that to operate 25 needed planes..
These planes obviously aren't needed if Spirit didn't take them. Originally Posted by RJRJ
TWO European Airbus operators have gone belly-up this year. Would have been great if our management would have picked up some planes... seeing as Airbus has a 7 year backlog. I thought Lufthansa secured the Air Berlin birds, but now I see EasyJet got 25 of them. EasyJet agrees ?40m deal with insolvent Air Berlin - BBC Newsoh the missed upgrades. Imagine another 25 planes next year. Oh thats right. Spend $100 mil on stock buybacks instead of half that to operate 25 needed planes..
For those thinking of going to (or staying at) Spirit and working for basement-level wages in exchange for "growth and upgrade" opportunities, this should be telling. Not only are they passing up opportunities for additional aircraft, they're not even sure they're going to exercise options they already have.
If they're re-thinking their growth with the current contract, imagine how competitive they'll be when (if) they sign a new one.