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Old 01-05-2025 | 06:44 AM
  #21  
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Originally Posted by Noisecanceller
Show your work. If your are at the top of the list and the top of the scale living in base doing the exact trips you want to do, show me where starting over at the bottom makes your life the same or better?

Do you make up the money lost by starting over? Maybe depends on many variables but age would be the biggest.

Do you ever get your schedule back? Most likely not unless you are quite young. And if you do how many years of garbage schedule must you endure to get it back? What is the family dynamic (kids ages) while you and they suffer through your new **** schedule reality?

Remember if you want to try and recoup the money loss quicker then the schedule will take a hit for longer.

Aint nobody trying to do 3+ day trips ever again let alone 5 day trips.

Now if spirit is out of business this is all moot.

And of course if you were starting your career today yes a career at a legacy would most likely be better than one at spirit
It’s going to be about a 5 year break even for me money wise. I’m 2.5 years into legacy world. The scheduling boogeyman needs to go away. I pretty much drop my entire month and pick up what I want now or play premium games.
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Old 01-05-2025 | 07:41 AM
  #22  
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Originally Posted by WhyIFly
A career at Spirit will never even come close to matching a career at a legacy airline. I am glad, though, that there are some that are "too lazy to send out (their) stuff right now". There needs to be someone left at Spirit to turn the lights off when it is all said and done.
Are you kidding me, that would be AMAZING but I’m not senior enough. :/

Originally Posted by FNGFO
It’s going to be about a 5 year break even for me money wise. I’m 2.5 years into legacy world. The scheduling boogeyman needs to go away. I pretty much drop my entire month and pick up what I want now or play premium games.
That doesn’t surprise, glad to hear you’re doing well!
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Old 01-05-2025 | 07:43 AM
  #23  
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Originally Posted by FNGFO
It’s going to be about a 5 year break even for me money wise. I’m 2.5 years into legacy world. The scheduling boogeyman needs to go away. I pretty much drop my entire month and pick up what I want now or play premium games.

do you get weekends and holidays off? What vacations are you holding?
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Old 01-05-2025 | 08:32 AM
  #24  
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Originally Posted by gonyon
do you get weekends and holidays off? What vacations are you holding?
You see when you drop your whole schedule you get weekends and holidays off.

I was off for Thanksgiving and Christmas. I was off for New Year’s, but picked up a two day and two days of holiday pay because my family was with the in laws and I was going to be home by 9am New Year’s day.

Year two vacations were nothing special. 1 in October, 1 in November and the third is this February. We’ll see what year 3 holds, but it should be pretty decent as I’ll be in the 35-38% range in my seat. Btw, the vacations follow you if you change bases, and you keep them if you upgrade. That wasn’t the case when I changed bases as Spirit and they scheduled upgrade over one of my vacations.

It’s not all roses. I won’t tell anyone that. But it seems a no brainer if you have time left and your issues for not jumping are pay and schedule related.
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Old 01-05-2025 | 08:41 AM
  #25  
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Originally Posted by VacancyBid
Because they bought control and can do things like this

https://www.cnbc.com/2025/01/02/hind...ana-stock.html

Even if spirit eventually ceases operations, there will be a lot of cash flying around beforehand.
Moving higher in the capital structure has benefits. That's mostly what 'restructuring' means. Does it mean the bets will pay off? No. But for the money managers it's somebody else's money anyway.
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Old 01-05-2025 | 09:17 AM
  #26  
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Investors, especially hedge funds, sink millions into things because they thing they can 3x, 5x, 10x their investment.

If they loose their money, they say "that sucked" and go to Aspen for the weekend to "decompress"
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Old 01-05-2025 | 09:26 AM
  #27  
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Originally Posted by hercretired
Investors, especially hedge funds, sink millions into things because they thing they can 3x, 5x, 10x their investment.

If they loose their money, they say "that sucked" and go to Aspen for the weekend to "decompress"
True.The real point is there is still a chance, if there were none Spirit would already be CH7. No idea how long but it’s still a chance.



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Old 01-05-2025 | 09:26 AM
  #28  
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Originally Posted by hercretired
Investors, especially hedge funds, sink millions into things because they thing they can 3x, 5x, 10x their investment.

If they loose their money, they say "that sucked" and go to Aspen for the weekend to "decompress"
I'm in the wrong damn line of work..... 😕
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Old 01-05-2025 | 09:28 AM
  #29  
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Originally Posted by Tranquility
I'm in the wrong damn line of work..... 😕
They don’t go to aspen 18 days a month, they kill themselves. Pilots are lazy.
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Old 01-05-2025 | 09:35 AM
  #30  
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In 2022, this hedge fund manager lost 6B in a month for his investors. Pretty bad bet, you would think nobody would touch him after that.

https://www.wsj.com/articles/melvin-plotkin-gamestop-losses-memestock-11643381321

He "refocused" and launched a new fund.

Current 2024 personal Net Worth ? 400M

https://screenrant.com/dumb-money-gabe-plotkin-what-happened/

enjoy the slopes
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