Um, you definitely do.

I was singled out too. And to be fair, y'all had 2 years to prepare for this. Spare me the crying about affected families. You failed to protect your family from Teds destruction. The writing was on the wall late 2023.

When the chiefs are leaving the end is near.

A lot of pilots resigned a lot of seniority, including myself. Your anger should be directed at the man responsible for this, not us.

I've seen this **** before at another airline, and listening to the old timers telling me to get out, saved my ass from a previous ch7.

Ok, but you don’t have to rub salt in the wounds.


Terribly saved news if NK goes under. :(

100% this^^^^. Like crying for Katrina families that were on top of their roofs waiting for a Blackhawk rescue all while ignoring the Mandated Evacuation a week earlier. When the entire MEC Quit, most of the Chiefs, 3 Director of Trainings, 2 VP of Flights, and most recently, the System Chief who was the biggest yellow juicer there was, what else does anyone need to see?

Yes you do. I think It started as a Great Lakes thing. before it Metastasized into the cancer it is to day

I hear it once a week out west. It's about once a minute in the east. YMMV.

Hopefully karma finds you, in full force. Tool

I’m getting a lot of sociopath vibes out of the “crash and burn” folks. I genuinely hope to never fly with any of you. You are NOT a net positive to this industry, your friends, or your families.

Wow…you are exactly what you described there with that comment. Not sure if you are still at NK but if you are don’t worry you may not have to fly with anyone real soon.

I mean....at least we have jobs. Must be worth something.

I can't imagine why one would hear stuff on the radio much more often on the east coast.

https://i.ibb.co/SXTCTmz6/image.png

Definitely started on the leeward slope of the Rocky Meowntains.

It's more pronounced that that map.

what’s truly embarrassing is the shameful amount of time you spend on APC. You’re also an embarrassment to American . Get *********

Hopefully these reports are false like all the previous reports.

Every day is a gift at this point. We are running today so that’s good. Tomorrow? We’ll find out in the morning. Same for the following day.

This whole deal reminds me of watching the weather forecast in the midwest. One channel leads with the possibility of strong storms, large hail, and tornadoes. The other channels jump onboard and all of a sudden they act like the end of the world is coming. Usually nothing happens, but when it eventually does they stand proudly and say that they told us so. Spirit is definitely in very serious trouble but the media seems more concerned with partaking in the hype than simply reporting the facts. If it bleeds it leads I guess.

Dysgraphia paired with a hint of emotional instability—the classic autistic one-two punch.

An airline in bankruptcy almost needs to be forced to put up a repatriation pot of money for customers. If they go under, customers would be purchased a flight back home on another carrier from that money/insurance policy. I had a friend ask me if they should purchase a flight on Spirit and I had to warn them of the risks. At some point, the bad news on TV starts a death spiral that will make recovery impossible. I feel for everybody that is having to go through the current situation as an employee.

Yeah throw thousand of employees on the street already hurry up! What a re***** comment.

You know it's a good majority how? Show your work before you paint with such a broad brush, and I hope you're not making that conclusion due to APC comments :D. Otherwise, don't make sheit up that's not there. No one talks about NK in indoc, they are too busy giving out the blue juice.:rolleyes:

Maybe it's your way of feeling good if you tell yourself you have haters?

Many other industries take money before delivery, or have ongoing obligations to customers (ex. automotive warranty).

Many or most companies that are in the position to file BK in the first place would be forced into immediate liquidation if they had to post bond for all customer obligations.

For the record, based on this guys post history, I don’t think he is or ever was a JetBlue pilot.

No APC conclusions my boy. Some of your cadet just run their mouth bashing spirit . Maybe not in your indoc, but there’s many instances that upper management will stroll through and talk shirt about NK .

In cases similar to NK's, the credit card companies routinely increase the "holdback" money (a percentage of the price of a purchased ticket). This is held back money that (I believe) the credit card companies pay the airline once the purchased flight is completed. So in a sense, if the airline shuts down, a ticket purchased with a credit card can be refunded back to the affected passenger.

The "holdback" by the credit card companies cut both ways though; it places limits on a carriers cash flow at a time most needed.

Again, this is all from memory of a past experience. Truly wish the best for the NK employees.

S

parroting your children’s psychologist won’t help you sound smarter bud! Pack it up.

US Bank, Spirit's credit card processor is actually holding most of Spirit's "cash on hand" to do just this, refund tickets in the event Spirit closes doors.

In other news Spirit filed its February operating report and even after all the cost cutting and returning leases is still had an operating loss of $58M in February, over $2M a day. I can't imagine that's not at least $4M a day now with fuel prices where they are.

wow. This reminds me 💯 of my time in MSP. One station says we’re going to get 57 inches of snow,then another station jumps in,then NWS panic forecasts - then about 12 hours out the storm “shifts” and we end up with a dusting of snow. 🤣

ouch that hurts.

I see an operating loss of $28M but a net loss of $130M. Where did you see $58M? And what was the $90M reorg expenses??
Stated in monthly terms instead of daily, $63.6M of fuel expenses... so $124M/mth in fuel now. Ouch

Yes that would be normal. But that's a business decision on the part of the CC companies. Not a blanket imposition by the court.

CC companies do that not to pro-actively protect the consumer, but because they are already on the hook in many or most cases, based on their agreements.

My thought in response to the bond idea was that anyone that stupid deserves to lose their money. If you're smart enough to use a CC that has built-in protections, then you don't lose your money.

Seeking government aid for high fuel prices GTFOH 🤣

If you look at the Earnings Statement the Operating Loss is indeed $28M, but there is a $30M gain from the sale of the 2 ORD gates to United. That $30M made the otherwise $58M loss a $28M loss. This is because GAAP requires this sale to be accounted for and they took the entire purchase price as a "gain" to income.

What's worse is that this $30M didn't go into the Spirit cash account, but instead went directly to the DIP lenders as a payment. Its instead just a passthrough that they would have had to pay taxes on, except there are no taxes.

Effectively they lost $58M and since the non-operating expenses are substantial as well, the cash flow is actually worse than this.

I’d love some guvmint “aid” for these gas prices!!

Well I can assure you that's not the mentality here among the pilots on the line. In fact, most were for the merger back then.

CatPilot detected

The capitalist in me says absolutely not, the market will dictate the survivors. The unionist in me wants NK to get a lifeline, however the taxpayers have shelled out billions already in CARES money. This isn’t a pandemic that is about to destroy an industry.

What blows my mind is even after the debate on how many tens of millions of dollars Spirit has lost this month and every month over the last several years, all the chief pilots leaving including the system chief, the ALPA leadership gone, investor after investor pulling out, planes/assets gone, and now even the media getting on board. There are still people reading all this who aren’t ready to retire saying it will be fine. Not only that but militant about how great their QOL is, and how stupid everyone that left is. Absolute bananas.

Why do you care?

When you dedicate your life to a company for years you tend to care even after you have moved on.