TC is out at Spirit
 

Per company email, TC is stepping down from his role as President and CEO and from the Board.

Horrible leader, horrible manager, and wish this happened years earlier.

Wish you the absolute worst Ted.

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.

Unfortunately took years too long to get rid of TC and MK. The damage is done. Normal to see a c-suite change, but Im guessing project bravo numbers arent looking good and now with the incoming and growing economic turmoil, why give TC another shot at that? He trashed the company during the last one.

He was hired to bankrupt the company and take a bonus on his way out? Where do I sign up for that job.

Many CEO's come and go but Detroit Captains those guys never leave

you may be happy to hear that he’s not eligible for that bonus money

Slight correction, we were profitable in 2019 (Ted's first year). But, he took a efficiently running airline coming off our best performance in 2018 (granted, not our most profitable, but still profitable) and ran it into the ground...
Time for CEO #4....

fair point. Profitability wasn’t consistent and when it was, it was significantly less. I think they saw something on the horizon and wanted to wash their hands clean before it turned into what it is now. I wonder if they’ll even bother appointing a new CEO. If there’s a merger being discussed it might be a waste of time and money.

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