TC is out at Spirit
04-07-2025 | 08:47 AM
#12
Line Holder
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04-07-2025 | 10:52 AM
#13
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I understand your disdain, but this guy was never hired to run an airline. He was hired to sell it. He would have successfully done this had the idiot shareholders not voted for B6 AGAINST his recommendation. Spirit was already losing money prior to him becoming CEO. They wanted to sell. TC did the only thing he knew how to do when the merger fell through, bankruptcy. Executives have specializations and his was never to be innovative. He was hired to do exactly what he did.
The JetBlue offer was the better offer and had the same chance of approval as the frontier deal no matter what Ted said to the shareholders. It was Teds ludicrous testimony at the trial that scuttled the entire thing. He lied under oath saying we had a viable strategy as a stand-alone company.
04-07-2025 | 11:48 AM
#14
Gets Weekends Off
Joined: Oct 2017
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Word is, the board dumped Ted for his over his pilot staffing, botching furloughs, and failing to predict or track attrition. Now by Q3/Q4 2025, Spirit’s looking at an extra $3 million a month to hire replacements. He shed too many critical pilots, leaving shortages from the training department to first officers
who are you?…Halon? lol
04-07-2025 | 12:09 PM
#15
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The JetBlue offer was the better offer and had the same chance of approval as the frontier deal no matter what Ted said to the shareholders. It was Teds ludicrous testimony at the trial that scuttled the entire thing. He lied under oath saying we had a viable strategy as a stand-alone company.
04-07-2025 | 06:58 PM
#17
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Who said it was viable? Bankruptcy and bravo is not a viable strategy
04-08-2025 | 04:33 AM
#18
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Yep, his grandiose expansion plans were foolish and reckless. He ran the company right into the ground. He missed the week his Economics 101 class went over "The Diseconomies of scale". You cannot rapidly expand a low cost company when your margins are so thin.
04-08-2025 | 06:46 AM
#19
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And those above the pilots in management can't for a second think that we could help save money. They'd rather just start a "new initiative" for us to be our best selves or whatever. All these managers bonused on cost savings but yet we can't be a part of that same structure. I could save a lot of cost if I had an financial incentive to do it.
04-08-2025 | 07:16 AM
#20
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And those above the pilots in management can't for a second think that we could help save money. They'd rather just start a "new initiative" for us to be our best selves or whatever. All these managers bonused on cost savings but yet we can't be a part of that same structure. I could save a lot of cost if I had an financial incentive to do it.
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