There is nothing in the pro forma I believe. The BK1 pro forma showed a profit in 2025 after they exited the 1st BK and this new one doesn't even predict a profit for 18 months and its a 2% margin.

Uhhhhh…he’s not using psychic powers it’s called observation skills. Fleet size to number of pilots are not adding up. It’s why many are afraid more furloughs are coming. Attrition has been consistent but it will slow as legacy’s stop hiring in the summer months as they do every single year. As for the lottery numbers we can’t help you.

I merely made an assumption based on hiring trends for the last 24 months.

I hope I’m wrong but history has a way of repeating itself.

Call me pessimistic but I’ve seen management furlough multiple times over the past year shortly after the same message of

“at this stage we don’t anticipate any more furloughs”

Any numbers on how many pilots are coming back from furlough?

just over 100

Do NK pilots have “bypass rights” or will that represent final decisions for the rest?

The clause is top-down voluntary recall, if still needing to fill its bottom up mandatory recall.. bypass that and you're done..

Since the company offered all 500 back, they said should you bypass the voluntary recall you will be immediately issued a mandatory recall..

This FO hiring will essentially be a resume sanitizer for regional guys. They will get hired, put their resumes out at the legacies and leave very quickly. The training center will be a revolving door.

Bingo, no growth, no upward movement other than retirements. It will be a mostly stagnant list. Get the type, and then go to where you want, especially if you already have 1,000 TPIC.

171 pilots left in March, which brings the Q1 2026 total to 468.