The green light getting lit is a big hurdle when rules are set in place prohibiting a lighter.

because spirit makes so much money selling a plane 50% full of $29 tickets

It’s a better deal even with $55 in average ancillaries. You’ll easily spend that much in food and gas on an 8-10 hour road trip to see the family. Ask me how I know.

it’s crazy how many people on my Facebook are already talking about their plans as soon as they can travel. (Most are talking about flying away)

No offense but that article was written back in March and the situation has evolved greatly since then. Obviously what I wrote was pure conjecture, but checkout the federal guidance released this evening pertaining to the reopening of society:

https://assets.documentcloud.org/doc...elines-PDF.pdf

I realize this is just guidance but check it out, by phase 2 it says that individuals can resume non-essential travel while employers are told to keep encouraging employees to telework when possible. I'm not making the stuff up out of thin air, and who knows how all of this is actually gonna go down.

Well my family has the discretionary income. We even have the want to go somewhere warm and beachy. But we aren’t spending a penny once things start to, “normalize”. And that’s just the point... Leisure travel will take quite some time to bounce back simply because consumer confidence will be tanked by the fall time.

Agreed, but FIFY. Politicians just sign off on the paperwork and maybe make some suggestions. The Big 3 want NK gone.

just saw something that the first thing people are going to do is work, and make money, before engaging in spending/travel.

especially the leisure traveler types.

apparently a new sense of financial awareness is out there after being locked down and watching bills accumulate for a month

The problem is we don't know if strangers will want to sit with 150 other strangers in a small tube in the sky.

Riding in a car with known family members, and having the car available at the destination, is huge.

The economy doesn't move unless people spend their money. And a certain cheeto in Chief won't get re-elected unless the economy is moving. Now I'm all for fiscal responsibility, but some people live pay check to pay check or with fixed income no matter the state of the economy. And a $20 ticket will be just too irresistible to most.

I agree. And that is the problem. People may not want to spend their money. The economy in their house comes first. Whether somebody gets elected or not (I agree with you) will be known in November.

I agree with your points. What happens or does not happen will be seen in the coming weeks.

85+ % of the country are still employed and those 20 million or so that aren’t have been getting unemployment plus the stimulus money. Going to be plenty of people jumping all over cheap travel towards mid summer.

A new sense of fiscal responsibility?

The greater majority of Americans haven’t run a household budget in their lives, and aren’t going to let this or some financial straits stop them from getting loose from the house for the first time in 90 days. Particularly the younger crowd that suffers from some impulse control issues and the illusion of invulnerability. Remember those packed beaches in Georgia, Florida and other locales? Yeah. That crowd is still out there in droves. The feel they deserve to get out and about, and want to do it right the heck now. Particularly with ripping deals out there at the various get away locations.

And we we don’t need them to sit with a full boat of strangers to get by until things really get back on track. Full cleanings, temperature checks empty middle seats and things of that nature will be enough to convince folks to half full our tubes. And that’s all we need for now.

Lets be honest, braving airports and semi packing an Airbus is really no different than asking your family to stop and use public gas station restroom 3+ times on their way to see the extended family, except that there won’t be any half assed social distance protocols going on at the Texaco potty stop.

Businesses are going to want to get back to work too, but they’ll be under the restriction of employees telling them to pound sand until they are assured of a high level of safety. And there a lot of things like conventions and other gatherings that are simply no longer feasible for the business traveller right now.

I believe there will be a massive surge of leisure travel once people feel that it’s semi safe to get out. Demand will probably taper a bit after that initial surge once the public gets that particularly itch scratched. Hopefully we’ll have treatments and therapies well on their way to fruition at that point.

But a trip down to Home Depot will show you that people aren’t overly worried about catching Corona. Nor are they suffering from a lack of will to spend money they may or may not have.

Americans owes nearly $1 trillion in credit cards debt (as of February), which is an all time high. For many people, a good deal will be more important than how they will pay for it, or how much. You think many people would learn from 2008. Pay check to pay check, or fixed income, people will spend irresponsibly. Why do you think they are living pay check to pay check in the first place?

I think there’s already a large segment of our society that’s already going to go out, whether the country/state is open or not. It’s denying our fundamental freedoms and government suppression is what they think of this lockdown. “I’m going to go protest against the govt....” mentality.

I think it was interesting seeing the photos of the protesters, they’re all armed with their rifles and half are wearing masks and the other half not. And they definitely don’t think they should be social distancing.

Where'd you find a food court open!?!

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So are we taking the money or not? And does our May schedule already account for all the required destinations? I hope we get an update soon.

barring any news, if we don't see service re-started within the next 14 or so days, we will know.

Spirit must resume services to these points (with the exception of Aguadilla, PR), consistent with the provisions of its Service Obligation and Ordering Paragraph 5 of Order 2020-4- 2, within 7 business days of receiving financial assistance under the CARES Act

perhaps they do, in fact, almost certainly they do. But right now all three are simply trying to avoid bankruptcy and their international exposure - in terms of aircraft poorly suited for domestic flying and senior people disproportionately holding type ratings in precisely that equipment - puts them at a hellacious disadvantage. They are going to have to support all that idle inventory and workforce from the revenue from the domestic loads that may be “thin” for quite awhile during which time NK and F9 will have far less overhead and a more efficient product with pilots who can fly any aircraft in the fleet, probably mostly A319/A320s for awhile but A321s when loads start to warrant them.

The Big Three have THEIR work cut out for them merely staying afloat themselves.

They already have those stations coming back online for May, and they planned for it weeks ago. These’s no reason not to take the money, if we are already planning on flying to those stations long before the final DOT’s ruling. I wouldn’t be surprise if they delay the money, so the 7 days line up with May’s planned schedule.

next earnings report is April 29.

I am sure we will have "official" news then (if not before)

The money is there for Spirit if they want it. It is a known amount of money based on payroll 2Q19 and 3Q19. So perhaps they are just delaying accepting the money for as long as possible to run at the 90%+ reduced schedule while they still can. Once the money is received they have 7 days to comply with the route structure requirements. The longer Spirit runs lean (delays taking the money), the more money they actually save perhaps... just a thought...

With all due respect, many people (including many of the current "Essential workforce"), live paycheck to paycheck because the cost of living has far outpaced the rise in personal income. $15-$20 an hour doesn't go far when city rents for a studio start at over $1000.00 a month. As an aside, if COVID19 has demonstrated anything, it's that the essential worker class deserve a raise.

Be safe.

S

Good point!

On a boating forum where you’d think everyone is wealthy and wouldn’t qualify for a stimulus check bc they all own quarter million dollar boats, they have a thread about what they are spending their stimulus checks on.

So they make small enough money to get a check yet own a quarter million dollar bot financed over 20 years and are already buying new crap online with their stimulus. Precisely what that money was for but not the best personal finance decision. Maybe one or two people said they would put it toward bills or credit cards. YOLO!

I have confidence in the financial irresponsibility or most Americans. Wages haven’t risen much in 20 years and people just have accepted that it’s the new normal and are stuck in their position in life. If you can’t get ahead even when you try just slap it on credit and die happy and in debt.

Just like Walmart- Spirit preys on the low income and keeps them in debt under the tag line of value while getting rich in the process. Seems to be a winning proposition.

Give everyone a raise, and it will all end up in the landlord's pocket as the essential workers still chase after the same limited supply of available housing options. Demand sets rents, the only thing that keeps them in check in some cities is the baseline amount some are willing to bid up the demand.

Based off the numbers coming out of China, just look under article source of your choice, spending has not resumed post the country "opening up". Malls are empty and travel is still heavily restricted.
Im not saying things wont resume but this idea that things will turn on like a switch is propagated out of sheer nonsense mostly dished out by Orange in charge.

This is IMO and as well shared by Fauci again take any news source you like to back that up.

Cant really get more correct than this.

So a communist country is heavily restricting travel, and goodness knows what else and you’re trying to draw a straight parallel to things in the US?

We won’t hit the ground running, but a fast limp looks like warp speed if you’ve been laid up in bed for 3 months.

Makes perfect sense! Seems like it would be a real pain for them to increase flying to meet the requirements prior to May 1.

Yep, and everyone loves a cheap ticket, even budget minded business travelers. Those that have to travel will, and those that have to travel or want to travel but with limited means will do so on one of the ULCCs. The leisure travellers to international markets, such as Europe or Asia, in my opinion will be the last to return.

Had a feeling you may chime in here and draw a false parallel between china being a communist country and the dreaded word most republicans hate of being "restricted"
What logic not rhetoric is saying is its a country who had the first outbreak of Corona and took the steps necessary to stop it from spreading just as we have. Thats the correct parallel. Does that make us communists? lol
As well being worlds second largest GDP, so yes they know how to buy and sell things even if they are communists with humans and corona and an economy they would like to get back on track just like us, they havnt and instead have been very cautious. Hence and Ill say again its not that things wont recover here but I sincerely doubt that it will just turn on and people will be desperate to run to vegas.
As well again without an antibody test I dont know how it would be possible unless you follow the GOP message of having another 1 to 2% of the population run out there and get infected only to spread it and rebloom the numbers of those infected and those who will die.
Long story short again I think this will take a while unless the science community is given the time to do their jobs.

I mean... I doubt I'm even getting a stimulus check, and I just spent the last hour pricing out a Mercedes E450 Wagon vs a C8 Corvette. (they're about the same price.)

Not going to buy one (at least until this all blows over, my current car is paid off) but it sure is fun.

There is no false parallel, and kindly stow your “yay team” BS.

You have one country that literally locked people in their own apartment complexes, and has a government and populace that are willing to use and often accept totalitarian government actions. Screw up over there and you disappear like that researcher from the Wuhan virology lab.

We closed gyms, bars and limited restaurants to take out while recommending people don’t travel unnecessarily. It’s a world of difference that you don’t appreciate.

China has a huge GDP because the rest of the world has farmed out their supply chains to the Middle Kingdom. Can you think of anything going on right now that might be hampering that? They are not a consumer society in the sense that we are. Take away the rest of the world’s demand for their cheaply made widgets, and their GDP is pitiful for a population as large as theirs. Sure, they’ve got malls and huge cities that most westerners can’t begin to name. But they won’t get their economy moving until the rest of the world gets moving itself.

people have short memories and absolutely can not change their fiscal habit (or whatever you want to call it) just like that.....people don’t change. Are people going to be traveling to Europe for that 7-day family vacation? Probably not (I know that’ll anger the legacy types) but they’ll spend $50 to travel across the country.....

we will soon find out I suppose.

I agree. The “home economy” hasn’t taken precedence in the US in a long time with well over a trillion dollars owed on both credit cards and student loans. The Dave Ramsey’s and Susie Orman’s are making a dent in that thinking. But just a dent. Spending money we don’t have is the American way.

We are taking the money. Union email. Just chill everyone.

5pm deadline today to apply for LOAN money?

Has there been any discussion of Spirit applying for that part of the CARES Act? I haven’t heard anything.

Is it now or never?

If you’re asking about the 401k loan/disbursement portion of the CARES act you’ve got until the end of the year.

Talking with Schwab we were one of the first to implement that provision.