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Originally Posted by Noisecanceller
(Post 3799169)
YEP! Now we get to see if it’s sold all as one or for parts
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Originally Posted by CatPilot1
(Post 3799173)
Who here is going to be laughing when American buys Spirit in bankruptcy or just prior?
My guess is sold for parts in 2025. Bankruptcy filing in Q3 2024 |
Originally Posted by Noisecanceller
(Post 3799175)
Never going to happen. That would be the last possible dance partner. I only see two possible suitors. Frontier or Southwest. One has money and one doesn’t and the one with money I don’t think is interested in taking on a complex merger with a bankrupt carrier.
My guess is sold for parts in 2025. Bankruptcy filing in Q3 2024 |
Originally Posted by CatPilot1
(Post 3799182)
AA only has 15k pilots compared to 17500 at Ual and Delta. Taking NK would put them right around 18k pilots and our planes put them on a level playing field with Ual and Dal.
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Originally Posted by Noisecanceller
(Post 3799185)
Never going to happen
Anything can be accomplished with enough $$$ |
Originally Posted by CatPilot1
(Post 3799153)
Spirit doesn’t have a stand alone plan bc that’s never been the plan. This airline was set up to be flipped from the beginning of being IPOed. You don’t CEO an account unless you are getting numbers right for a sale. This company will be sold one way or another, long term stand alone is not an option anyone serious is considering.
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Originally Posted by Halon1211
(Post 3799128)
So I’ve been talking with a lot of Captains out there on the line and none of them are applying elsewhere or concerned about their jobs. You guys are going to be in for a rude awakening and scrambling for a job soon. it is pretty clear we have no path forward (that will work). everybody keeps saying we will be fine. you guys are delusional. I have no desire to start this all over again. I will go down with this ship, rearrange my nest egg and take a $30k/year night warehouse job where I can listen to music, not deal with people, and sleep in my own bed without earplugs or alarm clocks. Biggest sacrifice will be stepping back down to driving a Mazda (not a Miata) and not getting that Ferrari I've always wanted. (Maybe a Miata instead?) YMMV. |
Originally Posted by Ed Force One
(Post 3799190)
Golden handcuffs, seniority, age, and an overall "Lost that lovin' feeling."
I have no desire to start this all over again. I will go down with this ship, rearrange my nest egg and take a $30k/year night warehouse job where I can listen to music, not deal with people, and sleep in my own bed without earplugs or alarm clocks. Biggest sacrifice will be stepping back down to driving a Mazda (not a Miata) and not getting that Ferrari I've always wanted. (Maybe a Miata instead?) YMMV. |
Originally Posted by Lincoln Osiris
(Post 3799193)
cool story
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Originally Posted by CatPilot1
(Post 3799182)
AA only has 15k pilots compared to 17500 at Ual and Delta. Taking NK would put them right around 18k pilots and our planes put them on a level playing field with Ual and Dal.
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Originally Posted by CRJCapitan
(Post 3799202)
AA's single biggest objective has been to reduce its dissipating mountain of debt. I don't think AA management has interest in adding back to it by absorbing Spirit's current financial situation.
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Originally Posted by CRJCapitan
(Post 3799202)
AA's single biggest objective has been to reduce its dissipating mountain of debt. I don't think AA management has interest in adding back to it by absorbing Spirit's current financial situation.
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Originally Posted by CatPilot1
(Post 3799208)
Maybe to make room for new debt that includes a bunch of experienced seat meat.
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Originally Posted by Noisecanceller
(Post 3799219)
They are filling classes just fine and with a ton of spirit guys willing to start at the bottom of the list on year 1 pay
Still cheaper to acquire than hire. Especially with all the Spirit goodies that come along with a purchase! Plus with a large influx of seat meat they could drop most of the Enoy pay incentives. |
Originally Posted by CatPilot1
(Post 3799222)
Still cheaper to acquire than hire. Especially with all the Spirit goodies that come along with a purchase!
Plus with a large influx of seat meat they could drop most of the Enoy pay incentives. |
Originally Posted by StoneQOLdCrazy
(Post 3799230)
How good is your contractual fragmentation language?
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Originally Posted by CatPilot1
(Post 3799222)
Still cheaper to acquire than hire. Especially with all the Spirit goodies that come along with a purchase!
Plus with a large influx of seat meat they could drop most of the Enoy pay incentives. What spirit goodies? HQ? What else? leased airplanes, an Everest of debt, and… |
Originally Posted by Noisecanceller
(Post 3799260)
How is it cheaper to acquire than hire at year one pay? Why do you think back in the day the legacies would constantly move the RJs around to recycle the same pilots from company to company and start them over?
What spirit goodies? HQ? What else? leased airplanes, an Everest of debt, and… |
Originally Posted by CatPilot1
(Post 3799276)
Boeing issues are only going to get worse, not to mention Airbus and Pratt aren't getting any better. . There’s like 10 new Boeing whistle blowers coming forward even with the other 2 being murdred. The legacies can buy whomever they want when ever they want. Who knows how many palms they greased to block the Spirit merger.
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Originally Posted by SoFloFlyer
(Post 3799310)
Kirby is on record saying that buying another carrier is not in the cards. An average merger takes about 3 years. In the span of 3 years, we United expects to grow to the size of Spirit and Frontier combined without all the hassle and debt accumulation
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Originally Posted by CatPilot1
(Post 3799320)
Dont think I mentioned anything about United, or its creepy leader.
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Originally Posted by PossibleDeviation
(Post 3799322)
LOL SoFlo has been at United for like a month or two now.... He's excited and wants anyone and everyone to know about it.
Dude is the poster child for pretending to be the expert on xyz airline when he's only worked there for like 3 weeks...we don't listen to him. |
Originally Posted by APCHCLIMB
(Post 3790417)
Up 5% today. Cha Ching!!!!
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Originally Posted by CatPilot1
(Post 3799320)
Dont think I mentioned anything about United, or its creepy short leader.
Heard plenty of rumors of the possibility of United potentially buying Spirit. Hence why I said what I said. |
Originally Posted by PossibleDeviation
(Post 3799322)
LOL SoFlo has been at United for like a month or two now.... He's excited and wants anyone and everyone to know about it.
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Originally Posted by SSlow
(Post 3799376)
SoFlo did the same thing as a new hire in the NK forums IIRC
Dude is the poster child for pretending to be the expert on xyz airline when he's only worked there for like 3 weeks...we don't listen to him. |
Originally Posted by SoFloFlyer
(Post 3799408)
I’m definitely no expert, but what I posted came straight from Kirby’s mouth. Like him or hate him, it’s straight from the horse’s mouth. Shoot the messenger
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Originally Posted by SoFloFlyer
(Post 3799408)
I’m definitely no expert, but what I posted came straight from Kirby’s mouth. Like him or hate him, it’s straight from the horse’s mouth. Shoot the messenger
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Originally Posted by Halon1211
(Post 3799451)
it’s all good. I believe you that United isn’t going to buy us. why? Because markers in the industry are pointed to Southwest Airlines buying us.
You also thought jetblue was a good idea. That worked out very well, yes? 🤪 |
Originally Posted by checkgear
(Post 3799422)
You’re the messenger here pal hence why you’re copping shots. But glad to see you moved onwards and upwards.
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Originally Posted by Halon1211
(Post 3799451)
it’s all good. I believe you that United isn’t going to buy us. why? Because markers in the industry are pointed to Southwest Airlines buying us.
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Originally Posted by Halon1211
(Post 3799128)
Wow, Ted didn’t hold back taking swings at the government and Spirit shareholders in his opening remarks!
So I’ve been talking with a lot of Captains out there on the line and none of them are applying elsewhere or concerned about their jobs. You guys are going to be in for a rude awakening and scrambling for a job soon. it is pretty clear we have no path forward (that will work). everybody keeps saying we will be fine. you guys are delusional. This is the same exact thing Braniff was doing their final days. They were trying all different kinds of marketing tricks, and nothing worked. FWIW, on 12 year pay, less than a decade to go. Have a CJO and waiting for the class date. Was just chatting with a friend from my year, little younger, has interview with a legacy, and he's planning to go too. Heard from a few FOs that the geezer they flew with before was trying to leave. |
https://thehill.com/regulation/trans...mpetition/amp/
Bipartisan support from both the far right and left. Spirit could benefit from this. |
Another one bites the dust.
Maybe I should take that CJO from Atlas after all… |
Originally Posted by CatPilot1
(Post 3799866)
https://thehill.com/regulation/transportation/4649522-elizabeth-warren-josh-hawley-introduce-bill-boost-airline-competition/amp/
Bipartisan support from both the far right and left. Spirit could benefit from this. |
Hawley and Warren? lol two of the biggest dip****s in a cesspool of dip****s.
Waiting until after they kill the merger to realize we gonna be nearly halved next year because their precious defense contractor friends cant make an engine without **** parts. Whole lotta good more gates is gonna do. |
Originally Posted by DrSteveBrule
(Post 3800032)
Hawley and Warren? lol two of the biggest dip****s in a cesspool of dip****s.
Waiting until after they kill the merger to realize we gonna be nearly halved next year because their precious defense contractor friends cant make an engine without **** parts. Whole lotta good more gates is gonna do. Took the word out of my mouth. Dip****s! Ya know what would’ve added completion? A merger of Spirit and JetBlue!!!! |
Originally Posted by Noisecanceller
(Post 3800111)
Took the word out of my mouth. Dip****s! Ya know what would’ve added completion? A merger of Spirit and JetBlue!!!!
I guess so you know which side they are leaning on in that merger. |
Originally Posted by symbian simian
(Post 3799813)
FWIW, on 12 year pay, less than a decade to go. Have a CJO and waiting for the class date. Was just chatting with a friend from my year, little younger, has interview with a legacy, and he's planning to go too. Heard from a few FOs that the geezer they flew with before was trying to leave.
Enjoy your new gig and good luck. Honestly we're all going to need it in this current environment. |
~40% gain since the May 6th low on fairly heavy volume. Dead cat bounce, short-squeeze, or is something else going on??? 🤔
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