Hey you take that back

Demand isnt a problem, oversaturation caused by the company's Florida strategy is a problem. Attrition is no longer a problem. If one hasnt achieved a cjo elseware, then one is stuck here for at least another year. Spirit is currently overstaffed by 10 to 15%. We've got people on reserve that havent flown for two months or longer, and as far as negotiating a contract goes, lol im sure it's gonna be a laughable several years...if the company survives.

I agree engines are a definitive problem. I agree reputation is a definitive problem. Outside of that, Florida ATC is a definitive problem. Biden admin policy is a definitive problem. Still remarkable to me the Biden DOT is looking to effectively eliminate the strengths of ULCC model while the Biden DOJ has successfully argued the ULCC model is a public necessity.

Wait. Who told you Spirit wasn’t making any money? Did Ted or Bendo say this?

“Current and historical gross margin, operating margin and net profit margin for Spirit Airlines (SAVE) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Spirit Airlines net profit margin as of December 31, 2023 is -8.34%.”

geez . We have lots of problems . First airline ever to have any. You sold me. I’m going back to flight instructing first thing Monday.I’m not gonna sleep tonight. Thanks for the astute analysis. Now i can plan my future, since mine is so dark.

Cool. You can quote the internet. Who formulated the numbers that show this loss?

Spirit is a publicly traded company. You can look it up yourself.

https://i.imgur.com/RIbC76b.jpeg

Not sure how you say no one else is getting CJOs, American is still giving them out, United is still giving them out, Delta is still giving them out. For entertainment purposes only, I check out ALPA seniority list daily, I’m still averaging 35-40 a month leaving that are senior to me. Seems one to two, every day, leave. So due to the airplane groundings, the attrition may not be causing us a problem, it’s probably a good thing, but to say if people haven’t gotten a CJO by now they are stuck, is just absolutely false.

I’m amazed some people still think everything is okay. There’s no viable path that doesn’t include BK. Frankie is going to end up owning the company for half of his original offer. You think they’re going to tell anyone it’s coming? Everyone will find out when we wake up and see it on the news.

Pilot pay is not the contributing factor to our financial distress. Let me emphasize that point; WE ARE NOT THE PROBLEM! No amount of wage cuts have ever staved off an eventual bankruptcy; full pay till the last day DAMMIT! (Especially at this company.). And, halving gone through a bankruptcy, it is NOT the end of the world. It's not ideal, but the end isn't near either. When we see the 1113 term sheet, we'll collectively **** our pants, negotiate something better, and things will churn....