View Poll Results: Will BRAVO bring us to the promised land?
Yes. We will be rich!
17
13.39%
No. We will be back in court!
53
41.73%
Don’t care I am executing operation CJO
57
44.88%
Voters: 127. You may not vote on this poll
Will BRAVO take us to the promised land?
11-22-2024 | 08:58 AM
#41
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Joined: Nov 2013
Posts: 4,179
Likes: 257
From: Aircraft & Seat: old & hard
https://www.sec.gov/Archives/edgar/data/1498710/000095010324016405/ex9905_037.jpg
This is the key slide. It shows the pivot from $50-$150 fares to $200-$400 fares.
If you do a little math, they are looking to dump $1 billion in revenue from their current customer base and pick up $1.5 billion from the new upmarket crowd.
Put another way, they're basically looking to totally abandon their current customers and swap for a totally new group of consumers.
This is the key slide. It shows the pivot from $50-$150 fares to $200-$400 fares.
If you do a little math, they are looking to dump $1 billion in revenue from their current customer base and pick up $1.5 billion from the new upmarket crowd.
Put another way, they're basically looking to totally abandon their current customers and swap for a totally new group of consumers.
Napkin math: for the first 6 months of the year, NK lost $350M, flying 12M people at $108/person. Breaking even would have required another $30/person. Focussing on getting an extra $50 has a better chance than focussing on an extra $500...
Last edited by symbian simian; 11-22-2024 at 09:16 AM.
11-22-2024 | 09:14 AM
#42
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Joined: Oct 2010
Posts: 1,499
Likes: 0
That’s what the BFS and blocked middle premium seating are in the short term. From what I can tell seat pitch will supposedly change (at least in the premium section) starting in 2025. Along with in seat power? Who knows. I’ve yet to see this management team implement anything effectively. One would think in order to work these cabin configuration changes would need to take place in relatively short order so that higher end customers giving the new product a try wouldn’t get frustrated at an inconsistent product and bail back to the legacies.
11-22-2024 | 09:46 AM
#43
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
This is all smoke and mirrors. The bond holders know then’ll make more money selling the assets piecemeal than all at once via chapter 7 liquidation. So they injected some money to keep the operation going while they figure out how to lose less money.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.
11-22-2024 | 12:00 PM
#44
Gets Weekends Off
Joined: Jan 2018
Posts: 2,837
Likes: 278
This is all smoke and mirrors. The bond holders know then’ll make more money selling the assets piecemeal than all at once via chapter 7 liquidation. So they injected some money to keep the operation going while they figure out how to lose less money.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.
11-22-2024 | 01:44 PM
#45
Line Holder
Joined: Jan 2024
Posts: 902
Likes: 158
Full company fire-sale would be hard to accomplish and get divided many ways. If the bondholders take the company, they get full access to divertable cash flow, the headquarters and the opportunity to more deliberately burn the furniture.
As for dollar general vs target. True, the old crowd didn't pay all the bills, but they paid 95%. Throw them out and now nobody is paying the bills UNTIL the target shoppers show up.
As for dollar general vs target. True, the old crowd didn't pay all the bills, but they paid 95%. Throw them out and now nobody is paying the bills UNTIL the target shoppers show up.
11-22-2024 | 02:08 PM
#46
Line Holder
Joined: Apr 2013
Posts: 759
Likes: 52
Which is why you’ll never see business travel on us.
Simply, the he clientele Spirit is seeking won’t fly Spirit because its Spirit.
Spirit needs a new name, period. The name Spirit is always the punchline, right before the drum fill “ba dum dum”. Pinnacle Airlines changed their name to Endeavor after emerging from Chapter 11. Spirit needs to do the same. Sadly, we don’t even have the cash to slap a new name on a plane.
Simply, the he clientele Spirit is seeking won’t fly Spirit because its Spirit.
Spirit needs a new name, period. The name Spirit is always the punchline, right before the drum fill “ba dum dum”. Pinnacle Airlines changed their name to Endeavor after emerging from Chapter 11. Spirit needs to do the same. Sadly, we don’t even have the cash to slap a new name on a plane.
11-22-2024 | 03:56 PM
#47
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
This is all smoke and mirrors. The bond holders know then’ll make more money selling the assets piecemeal than all at once via chapter 7 liquidation. So they injected some money to keep the operation going while they figure out how to lose less money.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.
Last edited by Noisecanceller; 11-22-2024 at 04:15 PM.
11-22-2024 | 05:28 PM
#48
Line Holder
Joined: Jan 2024
Posts: 902
Likes: 158
11-22-2024 | 06:34 PM
#49
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Joined: Dec 2022
Posts: 1,372
Likes: 141
It would be nice if ALPA could break down the ownership of the company in “the plan” upon exiting bankruptcy in March.
11-23-2024 | 04:31 AM
#50
Line Holder
Joined: Jan 2023
Posts: 440
Likes: 80
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