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-   -   Back in the black… (https://www.airlinepilotforums.com/spirit/140068-back-blacko.html)

El Peso 11-02-2022 08:56 PM


Originally Posted by Excargodog (Post 3520836)
OK, not by MUCH, but a little profit is better than none…

In the black? Excluding special items are we? Net loss was 36m.

HanYolo 11-03-2022 06:36 AM


Originally Posted by El Peso (Post 3525567)
In the black? Excluding special items are we? Net loss was 36m.

Unfortunately our 2022 earnings so far are not that much better than 2021. If the absolute best and rosiest picture is an adj. net income non-GAAP of $3.6Mil, that isn’t really something to boast about. 🤞Q4 will show a better trend yoy.

CincoDeMayo 11-03-2022 06:53 AM


Originally Posted by HanYolo (Post 3525695)
Unfortunately our 2022 earnings so far are not that much better than 2021. If the absolute best and rosiest picture is an adj. net income non-GAAP of $3.6Mil, that isn’t really something to boast about. 🤞Q4 will show a better trend yoy.

You have to account for the winter meltdowns we will have and the hit on Q4 it will have. This company simply doesn’t have the infrastructure to run a company when crap hits the fan, and it hits our small profit line every time, pushing us into the red.

Excargodog 11-03-2022 08:22 AM


Originally Posted by CincoDeMayo (Post 3525709)
You have to account for the winter meltdowns we will have and the hit on Q4 it will have. This company simply doesn’t have the infrastructure to run a company when crap hits the fan, and it hits our small profit line every time, pushing us into the red.

Underutilized aircraft is the big issue currently. Buying more aircraft just to park them because you can’t retain enough pilots to fly them is a killer. The fixed expenses - financing or leasing costs, parking fees, mx upkeep, insurance, and depreciation are pretty much the same if you actually fly them or use them for static displays. We need to control attrition, which will take $$. It takes money to make money.

Bluedriver 11-03-2022 08:46 AM


Originally Posted by Excargodog (Post 3525384)
NEGOTIATION 101

You don’t ask, you don’t get.

Maybe you missed the part where I made it clear we have been "asking" (more than asking) for an industry standard profit sharing plan, and have been met with supernatural ferocity to deny what is nearly a universally standard benefit at the JB level in the industry...

To expect a more receptive response to something that has no precedent in the industry and is multitudes more onerous on the company is to be wholly delusional.

Excargodog 11-03-2022 11:03 AM


Originally Posted by Bluedriver (Post 3525776)
Maybe you missed the part where I made it clear we have been "asking" (more than asking) for an industry standard profit sharing plan, and have been met with supernatural ferocity to deny what is nearly a universally standard benefit at the JB level in the industry...

To expect a more receptive response to something that has no precedent in the industry and is multitudes more onerous on the company is to be wholly delusional.

And when has any pilot group had more leverage than today? And OF COURSE YOU ASK. Shoot for the moon, and maybe you at least get into orbit. Shoot for ‘the standard’ and all you’ll you get is a Tumi suitcase.

CincoDeMayo 11-03-2022 12:35 PM


Originally Posted by Excargodog (Post 3525763)
Underutilized aircraft is the big issue currently. Buying more aircraft just to park them because you can’t retain enough pilots to fly them is a killer. The fixed expenses - financing or leasing costs, parking fees, mx upkeep, insurance, and depreciation are pretty much the same if you actually fly them or use them for static displays. We need to control attrition, which will take $$. It takes money to make money.

No crap, Sherlock. Money will help attrition. Groundbreaking. But unlike your desire, it will have to be money for all on the list.

Excargodog 11-03-2022 01:24 PM


Originally Posted by CincoDeMayo (Post 3525905)
No crap, Sherlock. Money will help attrition. Groundbreaking. But unlike your desire, it will have to be money for all on the list.

Who doesn’t want it for all on the list? I’ve ALWAYS wanted it for all on the list. I just don’t think holding newbies hostage at pi$$ poor rates and no insurance as a negotiating tactic is the right way to treat our fellow pilots and you have never convinced my I’m wrong. Nor has that tactic proven particularly effective it seems since ‘all on the list’ still hasn’t gotten anything beyond the last contract.

If that was such a brilliant tactic one would think management would have caved by now.

So how long must your screw the newbies scheme have to not work before you’ll admit it’s not working?

Bluedriver 11-03-2022 02:16 PM


Originally Posted by Excargodog (Post 3525855)
And when has any pilot group had more leverage than today? And OF COURSE YOU ASK. Shoot for the moon, and maybe you at least get into orbit. Shoot for ‘the standard’ and all you’ll you get is a Tumi suitcase.

Why don't you go ahead and ask for $1M per flight hour and two chick's at the same time for every layover... They are just as likely as a revenue tax, but you can ask...

CincoDeMayo 11-03-2022 02:29 PM


Originally Posted by Bluedriver (Post 3525949)
Why don't you go ahead and ask for $1M per flight hour and two chick's at the same time for every layover... They are just as likely as a revenue tax, but you can ask...

Dude has zero clue. He thinks you ask for anything you want and it has to be considered. “Bargaining in good faith,” and “zone of reasonableness” aren’t phrases he has heard or, or the NMB that will put you on ice if you don’t at least come in reasonable.


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