Spirit Airlines Ch.11
07-31-2024 | 08:17 PM
#181
Banned
Joined: Jul 2019
Posts: 507
Likes: 0
Or
“We have the most fuel efficient fleet, we need higher gas prices to snuff out the legacies!”
Some weird black swan event to lift them up by the boot straps
07-31-2024 | 08:35 PM
#182
Line Holder
Joined: Jul 2017
Posts: 356
Likes: 74
Their response will be “Just wait until the next recession! Customers will be all over us for our low prices!”
Or
“We have the most fuel efficient fleet, we need higher gas prices to snuff out the legacies!”
Some weird black swan event to lift them up by the boot straps
Or
“We have the most fuel efficient fleet, we need higher gas prices to snuff out the legacies!”
Some weird black swan event to lift them up by the boot straps
Last edited by BKbigfish; 07-31-2024 at 08:48 PM.
08-01-2024 | 02:27 AM
#183
Line Holder
Joined: Nov 2015
Posts: 1,877
Likes: 199
To be fair this used to be the case up until legacies figured out becoming banks allowed them to run an unprofitable operation. Their entire domestic network is essentially a loss leader now. DOJ thinks they’re enforcing antitrust when they’re really just further entrenching the 3 way oligopoly that they allowed to develop over the past 20 years.
08-01-2024 | 05:11 AM
#186
Gets Weekends Off
Joined: Aug 2020
Posts: 2,682
Likes: 167
I'm too lazy to look it up, but do any of you have hard data from financial reports stating what percentage of a legacy's revenue comes from credit cards vs the operation as a whole? Is the operation actually running at a loss that is enabled by credit card sales, or is this just a popular narrative that is blindly repeated? My guess is that the data will show that while a significant source of revenue does come from the sale of credit cards, that revenue is just a piece of a multifaceted stream produced by a very large network.
08-01-2024 | 07:06 AM
#188
Line Holder
Joined: Dec 2019
Posts: 339
Likes: 0
From: A320 For Your Health
Only .5b unencumbered assets remain, .5b in remaining sell leasebacks inbound, as well as prepayment refunds for delayed orders.
Will not be profitable for at least another year.
Company is shrinking in 2025.
67 AOG 2025 average
PW off wing time over 400 days to repair.
Will not be profitable for at least another year.
Company is shrinking in 2025.
67 AOG 2025 average
PW off wing time over 400 days to repair.
08-01-2024 | 07:31 AM
#189
Almost there
Joined: Apr 2021
Posts: 2,009
Likes: 142
Only .5b unencumbered assets remain, .5b in remaining sell leasebacks inbound, as well as prepayment refunds for delayed orders.
Will not be profitable for at least another year.
Company is shrinking in 2025.
67 AOG 2025 average
PW off wing time over 400 days to repair.
Will not be profitable for at least another year.
Company is shrinking in 2025.
67 AOG 2025 average
PW off wing time over 400 days to repair.
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