Originally Posted by HoustonRockets

There is nothing wrong with Reserve guys taking MUP they are crediting 72 hours with far less QOL !

Take it while you can

Originally Posted by Lincoln Osiris

He is just a dramatic drama queen. He said the same thing last bankruptcy too.

Originally Posted by Name User

Spirit did a sale/leaseback on engines for $250m, pulled $250m from its credit card, and had what, $500m in the bank prior? So, they've got $750m-$1b in cash as they go into this.

I can't imagine they will outright liquidate, their FLL hub is valuable to jetBlue as well as larger carriers like UA who desperately wants a SE Caribbean hub, or SWA who wants their MCO presence which they can then turn into a SE hub themselves. My guess is they will use this bankruptcy to shed all those leases they are paying on while a/c sit around (why didn't they do that on the previous one?) and furlough down to whatever they need to right size their staffing.

In fact if you look at their departures by market:




Would jetBlue, UA, or another carrier let their assets go to a court where they can bid against themselves or would it be better to pick them up once they shed all the debt and dead weight in an all-or-nothing purchase?

I dunno but I'd put more money on purchase than I would liquidation.

Originally Posted by Mr X

Maybe this made sense while the getting was good and everyone was working but not anymore.

All the scheduler is going to do is bump the show time back, delay the flight, not let the reservist take the add pay and have the reservist work the flight anyways.

This argument is just more gatekeeping by senior folks that are already having a decent QOL and making add pay in other ways.

Originally Posted by Lincoln Osiris

He is just a dramatic drama queen. He said the same thing last bankruptcy too.

Originally Posted by SnowmanKiller

What's wrong with you people? Spirit is about to liquidate - they've disclosed that they have neither DIP financing nor the cash reserves to actually finish the CH11 process. They will liquidate before the year is over.

And here you are yelling about X/Y list? Move up pay? Filing a grievance on a contract that is a dead letter? It. Is. Over.

Originally Posted by Name User

Would jetBlue, UA, or another carrier let their assets go to a court where they can bid against themselves or would it be better to pick them up once they shed all the debt and dead weight in an all-or-nothing purchase?

I dunno but I'd put more money on purchase than I would liquidation.

Originally Posted by 9thAmendment

The purchase would have to be during bankruptcy before any meaningful debt is addressed. Bankruptcy is no longer the magic debt eraser that it was in the early 2000s when all airlines went through it. The creditors essentially call the shots now. There is no way they are going to just give up all the money owed to them just so spirit can turn around and cash out in a merger. No judge would ever go along with that either.

This is why Frontier was meeting with Spirit the day before they filed. Deals are trying to be made with the creditors.

Originally Posted by SSlow

Careful, the Church of Scott Kirby will come for your head with that line of thought!

Heaven forbid experienced narrowbody captains are able to salvage their careers and slot in above someone born during the Clinton administration. Oh the horror!