Spirt filed for Chapter 11 again
08-30-2025 | 09:50 AM
#51
Gets Weekends Off
Joined: Dec 2012
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Likes: 51
From WSJ, Aug. 29:
Spirit chairman Robert Milton said a deal with Frontier still makes logical sense, but Spirit has had inquiries from other airlines. He said Spirit has the right executive team in place, and that by going through the bankruptcy process now it can gain an advantage, whether it remains on its own or combines with another carrier. “If you’re smart, get on with it, do it with a sharp knife and not a blunt instrument, you come out in a far better position,” he said.
Spirit chairman Robert Milton said a deal with Frontier still makes logical sense, but Spirit has had inquiries from other airlines. He said Spirit has the right executive team in place, and that by going through the bankruptcy process now it can gain an advantage, whether it remains on its own or combines with another carrier. “If you’re smart, get on with it, do it with a sharp knife and not a blunt instrument, you come out in a far better position,” he said.
Last edited by fcoolaiddrinker; 08-30-2025 at 10:25 AM.
08-30-2025 | 10:41 AM
#54
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 205
From: 787
DL/NW pretty much the same.
If it comes to it (and I hope it doesn’t), strongly recommend holding firm on pay rates. They can get savings elsewhere. It takes multiple contract cycles to get one nostril back above water. Also, be smart about snapbacks, and use black and white language, with tiers. Lots of folks here have experience with this, and opinions will vary.
If it comes to it (and I hope it doesn’t), strongly recommend holding firm on pay rates. They can get savings elsewhere. It takes multiple contract cycles to get one nostril back above water. Also, be smart about snapbacks, and use black and white language, with tiers. Lots of folks here have experience with this, and opinions will vary.
the company always wants you to pay for a work rule by giving up something else. Work rules get very expensive.
Just look at the difference in the CAL contract VS. the UAL contract. UAL got paid garbage but they retained a solid foundation for future progress. CAL got paid very well but had some of the worst work rules Iv ever seen.
in the end it worked out because of a merger but you can’t get money and work rules in the same contract …….
08-30-2025 | 11:12 AM
#55
Max Days Off
Joined: Mar 2022
Posts: 141
Likes: 13
From WSJ, Aug. 29:
Spirit chairman Robert Milton said a deal with Frontier still makes logical sense, but Spirit has had inquiries from other airlines. He said Spirit has the right executive team in place, and that by going through the bankruptcy process now it can gain an advantage, whether it remains on its own or combines with another carrier. “If you’re smart, get on with it, do it with a sharp knife and not a blunt instrument, you come out in a far better position,” he said.
Spirit chairman Robert Milton said a deal with Frontier still makes logical sense, but Spirit has had inquiries from other airlines. He said Spirit has the right executive team in place, and that by going through the bankruptcy process now it can gain an advantage, whether it remains on its own or combines with another carrier. “If you’re smart, get on with it, do it with a sharp knife and not a blunt instrument, you come out in a far better position,” he said.
08-30-2025 | 11:17 AM
#56
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,841
Likes: 652
From: Engines Turn or People Swim
08-30-2025 | 11:20 AM
#57
Max Days Off
Joined: Mar 2022
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Any guesses on who the other inquiries might have been from?
08-30-2025 | 11:29 AM
#58
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,841
Likes: 652
From: Engines Turn or People Swim
In the presumed current regulatory climate, it could be almost anyone who has money and needs some planes and maybe certain gates, if the right ones would be transferable.
I think it will be telling what they ask from the pilots...
If they want CBA cuts, then it's either stand-alone but smaller, or somebody in the F9, G4, SY space.
If they don't even bother the pilots for concessions, then maybe one of the bigger ones. Since they have generally better CBAs anyway.
I'm guessing the price point will be low enough to garner interest from various parties.
I think it will be telling what they ask from the pilots...
If they want CBA cuts, then it's either stand-alone but smaller, or somebody in the F9, G4, SY space.
If they don't even bother the pilots for concessions, then maybe one of the bigger ones. Since they have generally better CBAs anyway.
I'm guessing the price point will be low enough to garner interest from various parties.
08-30-2025 | 11:42 AM
#59
Line Holder
Joined: Nov 2024
Posts: 279
Likes: 181
DL/NW pretty much the same.
If it comes to it (and I hope it doesn’t), strongly recommend holding firm on pay rates. They can get savings elsewhere. It takes multiple contract cycles to get one nostril back above water. Also, be smart about snapbacks, and use black and white language, with tiers. Lots of folks here have experience with this, and opinions will vary.
If it comes to it (and I hope it doesn’t), strongly recommend holding firm on pay rates. They can get savings elsewhere. It takes multiple contract cycles to get one nostril back above water. Also, be smart about snapbacks, and use black and white language, with tiers. Lots of folks here have experience with this, and opinions will vary.
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