I love that some people thought we would be profitable. Improving though which is good.

Now if McConnell and Pelosi would take their thumbs out of their asses and get a stimulus done maybe we won’t all be out on the street in 6mo. If AA files for bankruptcy lots of blood will be shed throughout the industry.

Agree, but a $2.3 million a day burn with over $2 billion In liquidity gives Spirit substantial time for recovery.

Not going to happen. Way too late. Votes are already being cast. Politicians now fall into one of four categories:
1. Don’t give a ****about voters for a year and six months.
2. Don’t give a ****about voters for 3 years and six months.
3. Don’t give a ****about voters for 5 yearS and six months.
4. Retiring, and don’t give a ****about voters period.

term limits are the only answer.

[QUOTE=Excargodog;3151421]Agree, but a $2.3 million a day burn with over $2 billion In liquidity gives Spirit substantial time for recovery.

...In keeping with the thread title....
That’s interesting...F9 has 1 billion in reserves and cash burn is 1 million a day...the ratios seem a bit convenient now doesn’t it?

[QUOTE=Excargodog;3151421]Agree, but a $2.3 million a day burn with over $2 billion In liquidity gives Spirit substantial time for recovery.[=12pt/QUOTE]

No matter how much liquidity (much of it debt) they have they won’t want that cash to burn for long. If the passengers don’t come back by summer things will happen. If any of the big airlines file for bankruptcy before then things will happen sooner.

[QUOTE=Qotsaautopilot;3151663]Well, clearly The Big Three are in trouble with the lack of business and international flying and multiple fleet types. Way too many aircraft inappropriate for typical domestic flying sitting parked somewhere while their normal pilots are furloughed (or about to be) and their most expensive pilots (highest hourly wage and most vacation time) are getting the first new type rating they’ve gotten since they left 727s. I’m reasonably certain the LCC/ULCC model will be doing fine by Q2 2021, not 2019 numbers, but making money.

And while it is certainly possible for a Big Three bankruptcy to have ripple effects - and I personally believe it would - I think it woukd likely not hit the LC/ULCC people until contract amendable time.

How many pay cuts did Southwest take when the legacies were in ch.11?? The answer gives me some level of reassurance....

A point, definitely a point.

Exactly. Some people on here seem to think of a legacy files Ch11, we then need to expect some negative impacts to us. I would suggest those people spend an hour and listen to our recent earnings call and see what’s going on.

We are not a legacy carrier. Our highs aren’t as high as their big profit sharing checks but our lows aren’t their lows. As expected, the ULCC segment is showing the first to rebound and the first to be profitable.

So if anyone thinks AAs issues in the near term affects Spirit pilots, probably misguided at best.

And I’ll happily wait for section 6 contract talks when management makes to argument that we now need to take less money because the most mismanaged legacy carrier can’t make it work.

We are a zero concession airline. We did not entertain concessions while other carriers did, and can’t imagine why we would ever entertain them based on what we are looking at now. The company even said they won’t be concerned with cash burn going forward because as they come out of this pandemic, cash burn isn’t an effective tool for monitoring success or failure. Meanwhile AA is still trying to get their cash burn in the 20m a day range

Call me crazy but I would rather listen to the tone and planning from our upper management on an earnings call vs a certain someone on here who loves to conflate an AA bankruptcy as being a “blood shedding” event for the industry, including us.

I will also add that in 2011 when AA filed for BK. Within 1-2 month of that, Spirit placed and order for new airplanes.

[QUOTE=Excargodog;3151679]now we can finally, after all these years ask the Legacy guys "goT Yer StufF in....."

Our dfw base is because of AA bankruptcy. When their airline is being run by a bankruptcy court they can’t just throw $30 fares on our routes. So if any major files we will be moving heavily into their markets.

Yeahhh Capitalism!

What’s that saying about rocks and glass houses?

We are in the early innings of this Covid thing as it relates to airline unless more major stimulus hits.

Couldn’t be more wrong, sorry.

We aren’t in the early innings and I don’t believe that thought is shared with any reputable source. Spirit said today that they are happy with their balance sheet and are not seeking additional funding at this time. So do we need more government money to survive? There is nothing out there to suggest we do. In fact, not only did we profile better than expected numbers with positive trajectory, but another ULCC, Allegiant, also posted strong improvement and they feel that can be cash burn neutral by this quarter.

No offense but you have always had trouble grasping the fact that we are not the same as legacy carriers. Your previous contentions of “we fly the same planes as they do, we should make the same” doesn’t work for the same reason why you lumping us in with them now doesn’t work. We are different, different models, different revenue structures, different obstacles to overcome with Covid.

And I’ll throw rocks all day long. Those other airlines are out direct competitors, they would love to close up our shop tomorrow if they could. So if they have a hard time getting out of this, and that allows us to gain some share, gates and routes, that’s great for our airline and our careers. This kumbaya all airlines are in this together is great for a greeting card, reality is the airlines are one of the most, if not the most, competitive businesses out there. The victor gets the spoils. So here is hoping Spirit continues this upward trajectory and it puts us in a great position to take advantages of the strategic opportunities out there.

[QUOTE=Chimpy;3151971]Thats a wet dream for me lol. I jumpseat a lot and always have to say "i live in base/fly with great guys so Im happy where im at."

Please people, be ‘humble’..... Karma is an absolute *****! While many of my friends smirked and made comments when I decided to come here, they are now reaping what they sow... I will be posting Facebook pics of my new sports car (yes, a real sports car), while they are furloughed. Karma is a *****, BUT, I am still waiting for my quid...

Exactly! All the smug looks about "Spirit..ugh" and "Why go there?" This is why.

[QUOTE=Skydreams14;3152235]https://i.ibb.co/zsGbQ8N/6-C8-EB231-...664266-C31.jpg

That isn’t actually a quote from me. That was from Chimpy, #91 above.

Subaru WRX?

i just wanna know who has that R8 parked in vegas sim place. that thing looks sweet.

senior Vegas check airman that owns skis, both of them.

No dude - a Miata - weren't you paying attention :D

I was going to say Miata but was afraid that joke was overused.

I figured I used a different car. Lol

Having liquify from debt and liquify from free government grants are two entirely different things. One you pay back while servicing, and one you get for free and send straight to your employees’ paychecks. What do you think the C-suite is going to say on an earnings call. They have to give the numbers but they also have to give those numbers in as rosy a light as possible. They can’t get on there and say we’re F’d if things don’t get better really quickly.

Your lack of perspective leads me to believe that history isn’t your guide. Maybe we haven’t seen Covid before but we’ve seen major industry downturns before and history proves that six months in from the initial event is still the early innings. Maybe people come roaring back to 2019 levels in the next six months but if you think running at 50% capacity on even further reduced margins will sustain ANY airline long term without mass furloughs then you weren’t paying attention the last two times.

I am much happier to be a Spirit today than anywhere else so I can agree with you on that and I hope as much as anyone this is all a bad memory come June. The thing is no pilot picks to be at a successful airline. It’s all luck of the draw. The fact that any of us are here during this period in the industry is pure dumb luck. This could just have easily have been skybus any other dead airline. And it still could be in the future.

Your lack of humility is unflattering. Put down the koolaide for a minute.

Dumb luck? The fact that any of us here during this is dumb luck? Sorry, no. Some of us haven’t spent the last few years on this forums crying and ashamed of who they work for, secretly envious of their friends at Delta. Some of us applied to Spirit for the exact reasons we are in today. Some of us are students of history with this career, some of us realize Spirit would be the airline best suited for recessions and downturns. You can view yourself as a failure because you ended up here, or as you so often say “we are here because Spirit hired us,” but I believe many of us here came here for reasons greater than that.

Early innings in a major downturn? You mean, economic downturn? Because this is hardly the early innings of the virus. So if your trying to say the economy will get worse, I’ll point out the above paragraph. This airline is made for bad economic times, just as SWA has been doing it over every economic downturn of the past.

You are free to sit in your corner and yell at the shadows about how this is going to get worse, how we are all screwed if AA files Ch11, and how you have the answers. I disagree pretty much everything you have ever said on here, and this is no exception.

As F.D.R once said, “all we have to fear is fear itself!”

I have to agree with Cinco here. I chose Spirit for the same reasons. The model and ability to withstand an economic downturn. Hired right after the last recession.

Quotsa, maybe head to the beach with your family and embrace time with them. Instead of worrying about the boogeyman out to get us!

Hey we’re all entitled to our opinions and I sincerely hope you guys are right. I don’t live in fear, but I also don’t turn a blind eye to what’s happening to the industry and spirit. This is the best place In the world to being working as a pilot right now that is for sure.

☝️👏

Many here, still have their app's out, or view(ed) it as another stepping stone. Others came here for a Career. Happy I chose it as my Career Airline as well!

I'd say Fed Ex probably is the best. Followed closely by UPS.

True.

Ok best pax airline at this point in time.

I guess it depends on seniority. Junior at Spirit? Yeah. Senior at SWA? I'd rather be senior at SWA. Even thouth the 737 sucks :D

20 years to be “senior” at swa? 🤷🏼‍♂️

And watching Gary Kelly roll out a “celebrity” like Dave Ramsey to stump for employee concessions. This, after the MAX debacle.

WN is still a powerhouse...lots of money, hapless competition, fantastic brand.

Both Spirit and Frontier CEO’s commenting on growth in Orlando hmmm...
https://www.bizjournals.com/orlando/...e-planned.html

and Spirit and Frontier Managment are buddy buddy when it comes to views on face mask...getting quotes together in the last two articles. Hmm interesting

https://www.flightglobal.com/strateg...144297.article


this is interesting, oh an btw we are both overlapping on a lot of routes.

and don’t forget our DOS anniversaries are the same

The real question is, which brand would survive? Does the yellow bus survive or do I have to fly around a plane with a trash panda on the tail?

who cares, pilots get paid to move airplanes. Lol

I care. I only prefer airplanes with mammals on the tail.


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Your Spirit animal?

Mine is Kid Rock with a American flag tattoo on his chest and a bud light tipped back. Think we can make that happen?