Spirit Airlines investor filing

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03-26-2020 | 01:45 PM

#11

SAABoroowski

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Quote:

Originally Posted by FNGFO

I’m sure it’s a fairly basic cost benefit analysis of assumed demand and compensations costs versus furlough costs as projected on September 30th.

yeah, I’m just super negative 🤣

03-26-2020 | 01:47 PM

#12

69fastback

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Furloughs cost the airlines a lot of money. They don’t want to furlough.

03-26-2020 | 01:53 PM

#13

SAABoroowski

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Quote:

Originally Posted by 69fastback

Furloughs cost the airlines a lot of money. They don’t want to furlough.

yeah but there is literally no demand AT ALL. and lets be honest, Nobody knows when this PANDEMIC will be over and people will start flying again

03-26-2020 | 02:20 PM

#14

godsgift2aviatn

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From: A320 CA

Quote:

Originally Posted by 69fastback

Furloughs cost the airlines a lot of money. They don’t want to furlough.

Spirit only has one fleet type. It's not going to cost nearly as much as companies with multiple fleets that will see a domino effect in vacancy rebidding.

03-26-2020 | 03:11 PM

#15

Qotsaautopilot

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Quote:

Originally Posted by godsgift2aviatn

Spirit only has one fleet type. It's not going to cost nearly as much as companies with multiple fleets that will see a domino effect in vacancy rebidding.

yep

filler

03-26-2020 | 03:17 PM

#16

69fastback

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Whether it costs more to other airlines is irrelevant. It’s still expensive, and I’d guess we will see options like other airlines have explored, such as offering 50 hours pay and benefits, for a big chunk of lines before we see furloughs. Not to say there won’t be furloughs, but there could be other options explored. Time will tell......

For now, all anyone can do is keep doing what’s asked of us, or explore other options. It’s a tough spot.

Last edited by 69fastback; 03-26-2020 at 03:28 PM.

03-26-2020 | 03:23 PM

#17

senecacaptain

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it will be interesting to see how the ULCC/LCC model works in the coming months.

03-26-2020 | 03:39 PM

#18

SAABoroowski

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Quote:

Originally Posted by senecacaptain

it will be interesting to see how the ULCC/LCC model works in the coming months.

probably better than the bloated, multi-fleet legacies.

we would have SAILED through this downturn if we didn’t take on so much Debt recently............

03-26-2020 | 04:04 PM

#19

CAirBear

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Quote:

Originally Posted by SAABoroowski

yeah but there is literally no demand AT ALL. and lets be honest, Nobody knows when this PANDEMIC will be over and people will start flying again

That’s the purpose of the grant money. Essential (free of charge) way to have airline employees paid and taken care of for, at least, 6 months. It’s not on the company to pay for it, but the grant money. TC mentioned grants and loans in his email. I don’t think he would have mentioned it if they thought they wouldn’t see what they could get. Time will tell.

If you follow China it was a 120 day event or so. We are closing in on a month now. Your right who knows when it actually ends, but at least pilots and crew can be taken care of with this grant for the next half a year.

I suspect by mid to late summer things will
be moving forward again. Not saying it will be back to the same level as before this started, but it’s certainly going to be more than flying 25% of our schedule.

03-26-2020 | 05:37 PM

#20

Qotsaautopilot

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Bill Gates saying this level of shutdown or more nationally until at least the end of May or early June, and if we don’t it will spike again and maybe have to start over. If we proceed til the end of May then strong Intl restrictions after to prevent reseeding.

anything in April is a pipe dream apparently

so if the school year is going to be shot do we cancel summer vacation and have make up “virus days” all summer?