Spirit of NKS
07-13-2015 | 04:17 PM
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From: A320
In other news, the company announced revised earning estimates for the quarter and year, citing "adverse weather" as the cause.
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
07-13-2015 | 04:41 PM
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anything is better than a flight insturctor salary
07-13-2015 | 04:54 PM
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Spirit of NKS
Would such a spreadsheet have stopped you from coming here?
If "no," why would it stop others.
If "yes," did you not know the large disparity in wages when applying?
Spirit is still asking 4000TT for hiring consideration and 500 PIC just for the privilege of plunking down $250 to attend a job fair.
No excel spreadsheet will cause an impact on hiring as long as the above continues to happen.
If "no," why would it stop others.
If "yes," did you not know the large disparity in wages when applying?
Spirit is still asking 4000TT for hiring consideration and 500 PIC just for the privilege of plunking down $250 to attend a job fair.
No excel spreadsheet will cause an impact on hiring as long as the above continues to happen.
The majors weren't hiring a few hundred a month at the time. Things have dramatically changed and will continue to.
07-14-2015 | 04:42 AM
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Also when I got hired 2.5 yrs ago the big shiny new contracts were not in place. We made far better money than usairways, American was in its bankruptcy fight and united did not have their current deal.
I believe virgin and jet blue were even behind us.
If I was at a regional as a captain with a reasonably good expectation of getting picked up at one of the big 3, no way would I entertain coming to spirit given the current pay/benefit disparity as well as the fact that the fast upgrade is not there for guys hired today
I believe virgin and jet blue were even behind us.
If I was at a regional as a captain with a reasonably good expectation of getting picked up at one of the big 3, no way would I entertain coming to spirit given the current pay/benefit disparity as well as the fact that the fast upgrade is not there for guys hired today
07-14-2015 | 06:15 AM
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Joined: May 2013
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In other news, the company announced revised earning estimates for the quarter and year, citing "adverse weather" as the cause.
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
07-14-2015 | 06:53 AM
Gets Weekends Off
Joined: Dec 2009
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From: Airplane
07-14-2015 | 07:06 AM
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Joined: Sep 2014
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Correct, flew with someone this morning who was over 30/7. told to fly it and then grieve it.
07-14-2015 | 07:39 AM
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From: Middle Village, Queens
12 D. Scheduled Weekly, Monthly, and Yearly Limitations
The Company may not schedule, nor may any pilot accept, an assignment for duty aloft that will exceed:
3. 30 hours in any seven consecutive calendar days
Sounds cut and dry. Oh, wait, that section is for "all scheduled domestic service", what if it's international????? How about international dispatched under domestic rules? Screw it - too many moving parts.
07-14-2015 | 08:10 AM
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Interesting...
12 D. Scheduled Weekly, Monthly, and Yearly Limitations
The Company may not schedule, nor may any pilot accept, an assignment for duty aloft that will exceed:
3. 30 hours in any seven consecutive calendar days
Sounds cut and dry. Oh, wait, that section is for "all scheduled domestic service", what if it's international????? How about international dispatched under domestic rules? Screw it - too many moving parts.
12 D. Scheduled Weekly, Monthly, and Yearly Limitations
The Company may not schedule, nor may any pilot accept, an assignment for duty aloft that will exceed:
3. 30 hours in any seven consecutive calendar days
Sounds cut and dry. Oh, wait, that section is for "all scheduled domestic service", what if it's international????? How about international dispatched under domestic rules? Screw it - too many moving parts.
so he violated the contract by accepting an assignment for duty aloft that will exceed 30 hours in 7 days....I hope he does not get in trouble with the union. You know how they like to enforce the contract, especially not allowing someone accepting more than 5 JA's per year. Do you think they will post a list of pilots who accept an assignment of more than 30 hours aloft in 7 days???
07-14-2015 | 08:31 AM
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From: A-320
This is concerning.
management has always said we are "too small" and nobody bothers us blah blah, unfortunately looks like that's changing.
http://m.barrons.com/articles/BL-SWB-39314
By Ben Levisohn
Spirit Airlines (SAVE) provided a dismal second-quarter update today. That’s cratered its own stock but those of other airlines, including Delta Air Lines (DAL), United Continental (UAL), American Airlines (AAL), and JetBlue Airways (JBLU) have remained immune. Cowen’s Helane Becker and team note that “growth for growth’s sake will not be rewarded in this environment,” something Spirit doesn’t appear to have learned yet:
4Q15 Capacity Increase is Baffling…Management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth. Spirit has long thought of itself as too small to be noticed and too different to matter. The industry has been more aggressive in responding to Spirit’s capacity additions. It will be interesting to see how management responds in 2016 as the expectation is for +20% capacity growth.
Citigroup’s Stephen Trent and Kevin Kaznica cut Spirit to Neutral from Buy:
We reduce our estimates for Spirit Airlines and downgrade the shares from Buy to Neutral. Spirit has enjoyed strong, long-term share price appreciation. However, the shares have also come under pressure this year due to a previous guidance reduction. We believe that Spirit’s weaker, near-term stock price performance at least somewhat protects the carrier from a more negative investment opinion. Our 12M target price for Spirit Airlines declines from $93 to $70/share.
Shares of Spirit Airlines have fallen 8.4% to $58.28 at 11:35 a.m. today, while United Continental has dipped 0.1% to $56.33, Delta Air Lines has risen 0.7% to $43.69, and American Airlines is little changed at $42.43. JetBlue has gained 1.5% to $22.33 after releasing its own traffic update.
management has always said we are "too small" and nobody bothers us blah blah, unfortunately looks like that's changing.
http://m.barrons.com/articles/BL-SWB-39314
By Ben Levisohn
Spirit Airlines (SAVE) provided a dismal second-quarter update today. That’s cratered its own stock but those of other airlines, including Delta Air Lines (DAL), United Continental (UAL), American Airlines (AAL), and JetBlue Airways (JBLU) have remained immune. Cowen’s Helane Becker and team note that “growth for growth’s sake will not be rewarded in this environment,” something Spirit doesn’t appear to have learned yet:
4Q15 Capacity Increase is Baffling…Management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth. Spirit has long thought of itself as too small to be noticed and too different to matter. The industry has been more aggressive in responding to Spirit’s capacity additions. It will be interesting to see how management responds in 2016 as the expectation is for +20% capacity growth.
Citigroup’s Stephen Trent and Kevin Kaznica cut Spirit to Neutral from Buy:
We reduce our estimates for Spirit Airlines and downgrade the shares from Buy to Neutral. Spirit has enjoyed strong, long-term share price appreciation. However, the shares have also come under pressure this year due to a previous guidance reduction. We believe that Spirit’s weaker, near-term stock price performance at least somewhat protects the carrier from a more negative investment opinion. Our 12M target price for Spirit Airlines declines from $93 to $70/share.
Shares of Spirit Airlines have fallen 8.4% to $58.28 at 11:35 a.m. today, while United Continental has dipped 0.1% to $56.33, Delta Air Lines has risen 0.7% to $43.69, and American Airlines is little changed at $42.43. JetBlue has gained 1.5% to $22.33 after releasing its own traffic update.
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