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Old 10-26-2022 | 04:37 PM
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Default Back in the black…

OK, not by MUCH, but a little profit is better than none…

Spirit (SAVE) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to loss of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this airline would post a loss of $0.34 per share when it actually produced a loss of $0.30, delivering a surprise of 11.76%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
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Old 10-26-2022 | 05:36 PM
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Originally Posted by Excargodog
OK, not by MUCH, but a little profit is better than none…
Well, not really profit, but earnings adjusted for non recurring items are a mite better than expected.
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Old 10-26-2022 | 05:49 PM
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Originally Posted by Excargodog
Well, not really profit, but earnings adjusted for non recurring items are a mite better than expected.
Imagine if they could properly staff the airline.
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Old 10-26-2022 | 05:56 PM
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Trailing the industry after management made it clear we would be the FIRST to consistent profitability…
Womp womp……..
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Old 10-26-2022 | 09:17 PM
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Yeah, well it’s great to add aircraft, but without retaining enough aircrew to staff them they are just an overhead expense for debt service, parking fees, routine maintenance…etc. And more aircraft coming next year…like the sorcerers apprentice.

I guess the strategy is to wait for the demise of the regionals and hire all the low 121 time FOs that will find themselves without jobs when the music stops.
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Old 10-27-2022 | 03:35 AM
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Originally Posted by Excargodog
Yeah, well it’s great to add aircraft, but without retaining enough aircrew to staff them they are just an overhead expense for debt service, parking fees, routine maintenance…etc. And more aircraft coming next year…like the sorcerers apprentice.

I guess the strategy is to wait for the demise of the regionals and hire all the low 121 time FOs that will find themselves without jobs when the music stops.
That’s a bad plan, considering the number of airframes coming over the next year and a half.
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Old 10-27-2022 | 08:17 AM
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Originally Posted by JulesWinfield
That’s a bad plan, considering the number of airframes coming over the next year and a half.
As demonstrated by the falling utilization numbers.
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Old 10-27-2022 | 10:58 AM
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Originally Posted by Excargodog
As demonstrated by the falling utilization numbers.
Down by 2 hours per plane. That’s huge!
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Old 10-27-2022 | 11:48 AM
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Originally Posted by sioux8ships
Down by 2 hours per plane. That’s huge!
Remember the BBB days of 17 hours utilization?! Haha.

Sure doing it differently now.
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Old 10-27-2022 | 11:49 AM
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Originally Posted by sioux8ships
Down by 2 hours per plane. That’s huge!
Imagine what the numbers would have been if properly staffed!

But why come to NK when B6 is hiring? Sure, you might have to do a tour in the Embraer, but so what? You’ll still come out better off economically, and likely wind up in the same place.
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