Government BAILOUT Spirit
Today | 06:48 AM
#44
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Joined: Nov 2012
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I agree there are probably about 1500 pilots and probably about 3000 flight attendants that’s 4500 employees and that’s likely gonna make up the vast majority of the employment list. I would lay a wager that there’s probably between 8,000 to 10,000 actual employees of nk I think they’re getting this 14,000 to 19,000 by factoring in all the contractors but they’re not directly employed by nk.
Today | 06:58 AM
#45
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Joined: Sep 2020
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So what’s going to change if spirit gets the 500 mil?
they all of a sudden going to be profitable?
Im all for saving jobs but spirit management squandered profits away for years when every other airline made **** tons of money. That behavior does not deserve a govt handout reward.
they all of a sudden going to be profitable?
Im all for saving jobs but spirit management squandered profits away for years when every other airline made **** tons of money. That behavior does not deserve a govt handout reward.
Today | 07:05 AM
#46
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While the government has selectively helped other airlines in the past, I believe this would be the first time that the American people would gain such a large equity stake in an airline after giving it a lifeline. Leaving aside the questions of helping one ailing carrier and not all of them, how does the government (FAA, Commerce, EPA, etc.) oversee an entity that it owns? The conflict of interest is mind blowing. I know some will use the example of Chrysler back in the day but while the auto industry is pretty regulated, that amount of regulation pales in comparison to the airline industry. Just consider management positions. Director of Operations and such. The FAA has very strict experience requirements to hold those post and also has the right to reject candidates that it feels are not qualified. What about the financial fitness reports that are required by law. Can a government owned airline ever be found unfit? How is that not a competitive advantage? How does the government not take its stake into account when making those decisions? There are so many landmines here that not even a mouse could make it through.
Today | 07:09 AM
#47
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Joined: Jul 2007
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From: B737CA
On one hand, I'm happy for the employees. On the other hand, what message does it send to the rest of the airline industry... can our airlines now be reckless with their finances and expect bailouts when that financially reckless behavior doesn't pan out? What's the incentive for doing the right thing?
In 2008, Aloha, ATA, Champion, Skybus all shut down within days of each other. ZFG by the government. What's so special about Spirit especially with other, stronger airlines hanging on? If anything, it's a cautionary tale. Personally, I think the government should stay the hell out of any mergers or "antitrust" issues - if businesses want to buy each other or merge, that's none of the government's business. The only thing I trust the government to do correctly and efficiently is to kill people and screw up a black cup of coffee.... The market finds a way. The government screws it all up.
In 2008, Aloha, ATA, Champion, Skybus all shut down within days of each other. ZFG by the government. What's so special about Spirit especially with other, stronger airlines hanging on? If anything, it's a cautionary tale. Personally, I think the government should stay the hell out of any mergers or "antitrust" issues - if businesses want to buy each other or merge, that's none of the government's business. The only thing I trust the government to do correctly and efficiently is to kill people and screw up a black cup of coffee.... The market finds a way. The government screws it all up.
Today | 08:27 AM
#48
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Joined: Dec 2025
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From: A320 CA
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downinthegroove
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