69fastback

You really seem to be in denial about what’s really happening at Spirit.

FlyGuy2002

looking at reserve grids. Only thing that would shock me is if they didn’t furlough. 400 pilots and some down grades saves them a boatload of money. But I’ve been saying furloughs are imminent. Sucks bad. But betting it’s coming. Hoping I’m wrong.

B200 Hawk

if it’s just Pratt downtime furloughs don’t make sense because it’s temporary and costly. If this is an attempt at righting the ship to make money then it’s bad news. Longer term. Could see them selling slots off and growth halted to get back to the basics, which never bodes well for the future of a company.

Noisecanceller

The Pratt issue is a multi year issue. That’s more than enough time for furloughs to make sense to them. People seem to think all the engines will be up and running at the end of this year. That’s incorrect.

FlyGuy2002

I tend to agree with you. And weather it be engine issues, softening domestic demand, domestic over saturation or something else.. I don’t think the company is really spending a ton of time debating WHY we are over staffed. Doesn’t really matter at the end of the day. The fact is lots of pilots are being paid weekly to not fly.

keep in mind in 7 short months from now zero pilots will be on first year pay. $143 an hour to pay hundreds of pilots to sit around during slow Q3 and Q1 2025 when we are supposed to have the most amount of planes grounded is probably what they are looking at.

furlough 400 folks probably saves them north of 60 million. Whatever the cost will be to bring the back in the future is something they’ll deal with at that time, presumably when the company is finically healthier (hope we make it to that). Sucks it may come to this .. but from a pure financial standpoint I see them pulling the trigger.

69fastback

This furlough for spirit looks different than traditional furloughs of the past. They’re not planning on anyone coming back. In todays market, most that get furloughed will get hired somewhere else and be gone. With no new airplanes coming after the end of this year, and the engine issue lasting through 2030, if the company does survive this, there will be no growth until at least 2030.

Stayontarget

-I’m not at spirit- I’m sorry what? Didn’t they simply defer the orders?

checkgear

Did I miss an announcement about us turfing the whole order book? Geez I must be living under a rock.

putzin

But, but, but, he heard it on apc, it must be true. 🤣

HanYolo

Uhhhh, say what? 2025 deliveries are still 21. They’ve deferred as much as they can but they’re still coming. 319s phased out mostly by 2024 and that’s still a net positive of 19 deliveries for 2025.

Do tell us what you know that none of us know…