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-   -   Spirit to significantly shrink in restruct.. (https://www.airlinepilotforums.com/spirit/148655-spirit-significantly-shrink-restruct.html)

Midsomer 11-19-2024 09:41 AM


Originally Posted by rickair7777 (Post 3853646)
If you look into all the math and strategy regarding retirement, two years could make all the difference, especially at major airline pay.

There are other factors, but the biggies are...

1. Two years additional savings.
2. Two FEWER years in which you need to tap your investments.
3. Delay taking SS two years from when it would otherwise be prudent.

So two years roughly = four years, plus SS impact.

Anyway you can look into the math and see for youself. I'd recommend anybody much over age 35 do that... you might find you can bang out much earlier than you thought (especially at our income levels).

How long have you had a retirement account. Unless you bought individual stocks you should be well padded for retirement at 65 if you have been contributing 20+ years. If you havent been saving an extra two more years will not fix a career of not saving. Also no one says you have to take SS at 65, you can delay. Don't buy planes, boats, vacation homes, corvettes and other things pilots think they deserve but can't afford.

The financial decisions of a few should not dictate the future and livlihoods of thousands. ESPECIALLY with the potential for a significant number of pilots becoming unemployed. That is a nighmare scenario for anyone looking for a job, to create ZERO retirments for two years.

CincoDeMayo 11-19-2024 09:46 AM


Originally Posted by jabr800 (Post 3853622)

I have a relative at Spirit that flies as Captain.
My guess is he will be lowered to F/O shortly, and then with whatever pay reductions, insurance reductions, 401k contribution reductions or stoppages, etc. he will be reciving less than 1/2 of what he was receiving just a few weeks ago!

Something about this, the word choice...sounds like my non-pilot father talking to a non-pilot friend.

Never heard the phrase "lowered to FO"...would say "downgraded to FO or disaplced to FO"
Never heard someone say "flies as Captain"...would say "is a Captain"

Just interesting to me...thats all

CatPilot1 11-19-2024 09:49 AM


Originally Posted by jabr800 (Post 3853653)
Perhaps SSlow, however, I've been at 3, 121 carriers, and this is how is went everytime.
As they say, history repeats itself!

You come across as old and out of touch with the current industry. I’m thinking those ‘121’ carriers were small nobodies. List them out and prove me wrong.

greatmovieistar 11-19-2024 10:08 AM


Originally Posted by Midsomer (Post 3853656)
How long have you had a retirement account. Unless you bought individual stocks you should be well padded for retirement at 65 if you have been contributing 20+ years. If you havent been saving an extra two more years will not fix a career of not saving. Also no one says you have to take SS at 65, you can delay. Don't buy planes, boats, vacation homes, corvettes and other things pilots think they deserve but can't afford.

The financial decisions of a few should not dictate the future and livlihoods of thousands. ESPECIALLY with the potential for a significant number of pilots becoming unemployed. That is a nighmare scenario for anyone looking for a job, to create ZERO retirments for two years.

Stop counting other people's money

rickair7777 11-19-2024 10:11 AM


Originally Posted by Midsomer (Post 3853656)
How long have you had a retirement account. Unless you bought individual stocks you should be well padded for retirement at 65 if you have been contributing 20+ years. If you havent been saving an extra two more years will not fix a career of not saving. Also no one says you have to take SS at 65, you can delay. Don't buy planes, boats, vacation homes, corvettes and other things pilots think they deserve but can't afford.

The financial decisions of a few should not dictate the future and livlihoods of thousands. ESPECIALLY with the potential for a significant number of pilots becoming unemployed. That is a nighmare scenario for anyone looking for a job, to create ZERO retirments for two years.

Not arguing with any of that.

Just pointing out that two years *does* in fact matter. Financial planners often tell their clients who come up short that the solution is to work an extra 1-4 years. Saying that two years does not matter is mathematically wrong.

Margaritaville 11-19-2024 10:31 AM


Originally Posted by rickair7777 (Post 3853649)
Unfortunately RU is actually threatening that today, so that's maybe not a good eexample right now.

Thread drift I know Rick but you seem pretty well versed in military strategery. So don't you think Putin will respond in a symmetric way and put short range missiles in Cuba, Venezuela, etc before just pushing the button? Genuinely curious what you think.

Midsomer 11-19-2024 11:45 AM


Originally Posted by greatmovieistar (Post 3853670)
Stop counting other people's money

Stop trying to steal two years of progression from pilots. Where were all the pro 67 pilots when they were in their 30’s to 50’s. Not talking about how unfair having to retire.

Again with the uncertain future at spirit and the already announced furloughs raising the age is wrong.

rickair7777 11-19-2024 12:00 PM


Originally Posted by Margaritaville (Post 3853682)
Thread drift I know Rick but you seem pretty well versed in military strategery. So don't you think Putin will respond in a symmetric way and put short range missiles in Cuba, Venezuela, etc before just pushing the button? Genuinely curious what you think.

Generally, most likely yes, modest escalation of some sort. But he's made some bad decisions in recent years so I'm less comfortable with relying on his rationality than I was in the past. Remember, Vlad is actually a moderate in RU, there are many folks well right of him (and right of Ghengis Khan) who have already advocated for the use of tactical weapons in UA. And he has to thread the needle between the hard-liners and NATO.

If nukes get used, it will be in UA at a tactical level and will most likely have the same result as the last two nukes that got used... immediate unconditional surrender, since UA's nuclear armed allies will not dare escalate.

I was also surprised that whoever is running the white house allowed this. I've been generally in favor of supporting UA with materials, if they want to keep fighting, but this wasn't necessary given the pending US regime change. Literally just poking the bear.

jabr800 11-19-2024 12:05 PM


Originally Posted by CatPilot1 (Post 3853660)
You come across as old and out of touch with the current industry. I’m thinking those ‘121’ carriers were small nobodies. List them out and prove me wrong.

WOW.

Can't believe the way some folks respond to some questions with almost an attack!

First airline was Frontier (the Original Frontier which perhaps some people never heard about)
Was absolutely top notch and second to only Delta back then.
Squezed out by corporate sheningans into a total shutdown, with nothing left.
Couple of Furloughs as many of us had in the day also.

Complete start over several months later at Continental, which was slowly recovering from it's second bankruptcy.
Pay check here was about 1/3 of my old pay and minimal benefits.
Not a fun place back then.

Last was UPS.
Got 25 years out of this one and a real pension.
Yes, I am old.
72 years now and loving my life as a retired pilot with good success in my career.

One secret I'll share with the group here, is don't go after people that are just asking questions!

I hope people at Spirit can have a recovery like I was lucky enough to pull off.

And to "CincoDeMayo", here's this:
Phrases like "Flies as a Captain", "Is a Captain", "holds Captain senority", and probably a 100 other ways of stating something this, shouldn't really trigger a response.
Sorry the wording isn't perfect by your standards, but the point is still made.

A good friend was in charge of some of the pilot hiring at a very major airline.
One place several of you candidates, assuming you no longer have a job at your carrier or maybe you are brand new to 121 flying, would get tripped up at is the part where they ask you to show them your activities on social media like here.
They typically prefer people that go with the flow, not ones that stir things up.

Perhaps you might want to reconsider your ststements.

Anyway as said before, good luck everyone.

CatPilot1 11-19-2024 12:41 PM


Originally Posted by jabr800 (Post 3853710)
WOW.

Can't believe the way some folks respond to some questions with almost an attack!

First airline was Frontier (the Original Frontier which perhaps some people never heard about)
Was absolutely top notch and second to only Delta back then.
Squezed out by corporate sheningans into a total shutdown, with nothing left.
Couple of Furloughs as many of us had in the day also.

Complete start over several months later at Continental, which was slowly recovering from it's second bankruptcy.
Pay check here was about 1/3 of my old pay and minimal benefits.
Not a fun place back then.

Last was UPS.
Got 25 years out of this one and a real pension.
Yes, I am old.
72 years now and loving my life as a retired pilot with good success in my career.

One secret I'll share with the group here, is don't go after people that are just asking questions!

I hope people at Spirit can have a recovery like I was lucky enough to pull off.

And to "CincoDeMayo", here's this:
Phrases like "Flies as a Captain", "Is a Captain", "holds Captain senority", and probably a 100 other ways of stating something this, shouldn't really trigger a response.
Sorry the wording isn't perfect by your standards, but the point is still made.

A good friend was in charge of some of the pilot hiring at a very major airline.
One place several of you candidates, assuming you no longer have a job at your carrier or maybe you are brand new to 121 flying, would get tripped up at is the part where they ask you to show them your activities on social media like here.
They typically prefer people that go with the flow, not ones that stir things up.

Perhaps you might want to reconsider your ststements.

Anyway as said before, good luck everyone.

This has to be a troll. No way a 72 year old gets on APC still; well at least I hope not/should not. Show me your APC account during an interview at a ‘very major’ airline interview lol! I guess I’ll show em my only fans; bunch of perverts. Social media wasn’t a thing when ‘your friend’ was interviewing people 50 years ago. I’m serious; the mental image of a 72 year old cargo pilot(picture jimmy carter at his last birthday-cause cargo pilots age very well) warning me about having to show my APC posts at my next interview is killing me. I can’t take it; this is too damn funny. Beat it stupid!


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