Originally Posted by AR1978

If Spirit is unable to secure a refinance deal what would the airline look like if the doors don't close?

Could they sell off planes to pay off the debt payment next year and let the airline bleed down to a smaller size. Maybe 150 planes and 2000-2200 pilots? Or would Chapter 11 or worse be next?

Originally Posted by ropestart

it’s anybody’s guess as to what will happen. One thing is certain, the debt needs to be renegotiated asap. If we fail to do that, it’s almost a certain BK.

Originally Posted by hercretired

the economy is doing better than various narratives would lead you to believe.

Originally Posted by CatPilot1

Spirit needs to slap a Supreme sticker on the sides of all their planes, problems solved. Up scale flying instantly.

Originally Posted by CatPilot1

Spirit needs to slap a Supreme sticker on the sides of all their planes, problems solved. Up scale flying instantly.

Originally Posted by hercretired

the economy is doing better than various narratives would lead you to believe.

Originally Posted by Chimpy

lol, same with me. I could have ended up at DELTA a longgggggg time ago or UAL if I stayed at XJT. Oh well, can't play that game. It does make me wonder though because thats what all the old time guys used ot say "Just stick it out". What really concerns me is our complete lack of fragmentation language. Someone on a chat kinda summed up our situaton perfectly, we basically have two choices, "The certainty of misery, or the misery of uncertainty". Legacy airlines are incredible places to work but for the senior guys/gals here it will initially be a massive QOL and Pay hit. The completele lack of information here has been brutal. The only real info we have had is that we are raising bag weight limits, getting rid of cancel/change fees and we "aren't considering Chapter 11 Bankruptcy "AT THS TIME". We also are furloughing a few hundred of our brothers and sisters, not to mention downgrades and MASSIVE displacements. ALL at a time when other airlines are making record profits.

Originally Posted by Chimpy

It's unfortunate but are we supposed to do? It's wild how many 10-15 Yr CA's are on their way out and will be thousands of #s junior to NK Pilots who left right after COVID. It's actually really sad what happened to this place. It's been one heck of a run....

Originally Posted by piperpilot12w

How did Spirit come to be encumbered by such a large amount of debt leading to such uncertainty? Did management make some terrible moves that have led to this ( planes, new training center, lack of F.O.'s to keep all the planes in the air in 2022, etc.). Or is it they haven't been making money since Covid and the industry is leaving the ULCC model behind and the NEO engine issue is choking them.