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01/01/26 means nothing!
Revenue in 1Q, which is historically very low in the industry, will be the deciding factor on Spirit's survival, bar being acquired. I don't see them making it into March without some further bail out miracle or being purchased. There's just no path to the spring break ramp up for revenue. |
Aww, I didn't make the list.
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the company is floating on DIP financing at this point. and its maturing July 14th.
unless there is a miracle turn-around over the next 6 months the company will not have enough money to pay back the DIP and exit bankruptcy. this is a problem because DIP financing takes super priority. from prior experience, when management pilots starts leaving the end is near..... also not getting the full trench of DIP financing during the last scare doesn't make me fell all warm and fuzzy. |
Originally Posted by TheCalmCaptain
(Post 3987129)
In just a few hours it will be 2026 and I’m proud to announce, Kirby was wrong! We are still here and more resilient and determined than ever. Kirby tried everything to put us out of business from mirroring our à la cart business model, undercutting prices on our routes, obsessively bad mouthing us, failed attempt to purchase targeted assets and last but not least teaming up with JetBlue to drive our FLL yields down. Well, we’re still here!
I’m so proud of this “down with the ship” pilot group. 2026 is going to be a great year for us! Below is the list of the relentless “Spirit is liquidating by the end of 2025” cheerleaders. Sorry guys, you were wrong. Noisecaceller SSlow Flyokish Name user Friendly pilot Nry8 Busboi StoneQOLdcrazy LNAVVNAVPATH DIRKDIGGLER9999 GPULLRSHRSAILPLANES CINCODEMAYO Fettywap Putzin FW90 Halon1211 Washout Symbian simian Jules Winfield Bluejuice01 Washout Bluespoon BoeingBrat TAFsMATTER PowderKeg Checkgear flier320 Jac3d |
Originally Posted by WHACKMASTER
(Post 3987456)
What mental illness looks like ^^^^^
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Originally Posted by Lincoln Osiris
(Post 3987463)
I mean to be fair how would you feel if people from other airlines came on the SWA forums daily to tell you how you weren't going to have a job soon? The obsession with the Spirit forums from those who don't even work here since the second bankruptcy will forever baffle me.
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Originally Posted by JulesWinfield
(Post 3987200)
I believe those regionals only allowed you to retain longevity and pay, not seniority.
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Originally Posted by Popeye0537
(Post 3987505)
Republic allowed you 1 yr to come back at full seniority, and 5 yrs to come back at 50%. Stipulation was you need to fly a larger aircraft than they had on property ie bus/boeing
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Originally Posted by jack3d
(Post 3987147)
Incoming thread drift....
So let's say NK gets bought by a real airline (not Frontier) in the near future. Can SPA ALPA negotiate a clause that lets all of the pilots who left during the BKs make a return for the new airline? I recently heard of some airlines allowing pilots to come back and retain seniority, pay, etc if done within something like 6 months. I know that starting over is a voluntary event, but it feels like a lot of us really didn't have much of a choice this specific effed up situation. |
Originally Posted by jack3d
(Post 3987393)
That's kind of what I was curious about. It's not exactly way out of left field then.
Not suggesting that it should be that way as I know there are varying opinions either way, but thanks for confirming that is has definitely happened before at certain carriers. |
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