In the Boston Courtroom.

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01-16-2024 | 12:22 PM

#151

sailingfun

Gets Weekends Off

Joined: Feb 2008

Posts: 20,877

Likes: 194

Quote:

Originally Posted by planejoe

The court documents specifically stated that Spirit's executives have a plan to get back to profitability. So it wouldn't be an FU, it would just be a failure of those executives to deliver.

"Although Spirit is struggling, its executives testified that the airline had a long-term plan to return to profitability." See, e.g., Tr. Ex. 678 at 2; Tr. 11/7/2023

https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.461.0_8.pdf

Every airline plan I have seen to return to profitability involves cutting worker pay and establishing large management retention bonuses to insure they keep their management talent! Then they tack on performance bonuses for management based on metrics no one understands. If they don't meet the vague metrics they simply change them.

01-16-2024 | 12:22 PM

#152

Noisecanceller

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Joined: Dec 2022

Posts: 1,372

Likes: 141

Quote:

Originally Posted by putzin

Becasue $0 is better than $350k? Just a dumb comment. Go to UAL or wherever you're going and don't look back, life is too short. Good luck.

Have you been on a frontier flight? It makes us look classy. Have you seen their contract and do you see any path to them ever getting more money ever. Double digit bases doing day turns like Allegiant= zero open time and zero schedule flexibility.

01-16-2024 | 12:31 PM

#153

JulesWinfield

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Joined: Jan 2018

Posts: 2,837

Likes: 278

Quote:

Originally Posted by Noisecanceller

Your hyperbole is astounding. You would really rather be unemployed?

01-16-2024 | 12:33 PM

#154

Noisecanceller

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Joined: Dec 2022

Posts: 1,372

Likes: 141

Quote:

Originally Posted by JulesWinfield

Your hyperbole is astounding. You would really rather be unemployed?

This isn’t 2002 or 2008. There are other options.

01-16-2024 | 12:34 PM

#155

EF77

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Joined: Jul 2008

Posts: 74

Likes: 0

Quote:

Originally Posted by BagMan

I work at F( now. it is a dumpster fire. I am un sure F9 has enough money left to make a bid on Spirit. we are just to dang busy opening new bases all over the country so we can all do dayturns. yeah

F9 intended to use shares on the initial purchase of NK. F9 share value has dropped 60% since then so highly unlikely. TD Cowen thinks NK ch 11 followed by liquidation the most probable outcome.

01-16-2024 | 12:38 PM

#156

Noisecanceller

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Joined: Dec 2022

Posts: 1,372

Likes: 141

Quote:

Originally Posted by EF77

F9 intended to use shares on the initial purchase of NK. F9 share value has dropped 60% since then so highly unlikely. TD Cowen thinks NK ch 11 followed by liquidation the most probable outcome.

Isnt ch 11 a reorganization? Ch7 is liquidation no?

01-16-2024 | 12:44 PM

#157

Macjet

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Joined: Feb 2007

Posts: 1,451

Likes: 24

From: Airplanes

Quote:

Originally Posted by Flyby1206

Guh.

Sorry spiritbros, we're pretty shocked on the blue side at the denial.

A lot of us were looking forward to coming over to the blue side. This certrainly is taking out what little wind we had left in our sails.

01-16-2024 | 12:47 PM

#158

8JRMfortheyear

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Joined: Sep 2014

Posts: 691

Likes: 37

Quote:

Originally Posted by Macjet

A lot of us were looking forward to coming over to the blue side. This certrainly is taking out what little wind we had left in our sails.

This..

Filler

01-16-2024 | 12:50 PM

#159

upup89

Gets Weekends Off

Joined: Dec 2009

Posts: 173

Likes: 0

From: what???

Quote:

Originally Posted by EF77

F9 intended to use shares on the initial purchase of NK. F9 share value has dropped 60% since then so highly unlikely. TD Cowen thinks NK ch 11 followed by liquidation the most probable outcome.

Spirit isn't gonna liquidate