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Spirit of NKS, Part II

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Old 01-05-2016 | 10:50 AM
  #2591  
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Originally Posted by dn_wisconsin
Did I forget how the AT, WN thing happened? Maybe I miss understood. It was a buy out. Basically, a hostile takeover right? CEO has no control over that.

Maybe I'm confusing the YX almost AT merger but bought out by Republic by a hostile takeover?
SWA-ATN was not a hostile takeover.
Old 01-05-2016 | 12:21 PM
  #2592  
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Originally Posted by Plane Ramrod
Just read the MEC email. Glad to see B^3 give Jimmy a reach around on the way out.
Here it is,
Originally Posted by SPAMEC
As you all know by now, Spirit CEO Ben Baldanza stepped down this morning and was immediately replaced by Robert L. Fornaro, formerly of AirTran Airways. Your MEC has taken immediate steps to assess and respond to the situation.

MEC Chairman Capt. James Ackerman has reached out to our new CEO and expressed his congratulations as well as this pilot group’s commitment to working together to continue Spirit’s growth. We’ve also discussed the situation with Spirit COO John Bendoraitis and how we can all move forward.

Although it is tempting to speculate on what this change will mean for this airline and this pilot group, it is simply too early to tell. We will continue to work with management to achieve a new contract and continue Spirit’s success.

Your MEC chairman spoke to Ben Baldanza this morning to wish him well in his new endeavors. Ben wanted to express his pride in the pilot group and how, together, we created a whole new category of air travel. To quote him: “Spirit pilots are the most professional I’ve ever worked with in my entire career.”

If you have any questions or concerns, please reach out to your status rep or any member of the MEC.
Hey Jimmy, how bout you and Bendo go cry in your beer together. It won't be long before you're both gone.

And when you're gone, maybe you'll look back and realize how foolish you look with your obsession with "John".
Old 01-05-2016 | 12:52 PM
  #2593  
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Hey guys,

Did you know that James has a mole on his lower back?

I always found that curious.........and a little fun..

High five guys!
Old 01-05-2016 | 01:38 PM
  #2594  
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http://www.forbes.com/sites/kathrync...consolidation/
Old 01-05-2016 | 01:52 PM
  #2595  
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Originally Posted by Judge Smails
Very interesting article.
Old 01-05-2016 | 02:14 PM
  #2596  
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Here's one part that concerns me:

"Spirit has likewise been under fire for its 30%+ growth rate and its shares suffered during the year, resulting in a recent announcement that it would slow growth to the 20% region, according to Cowen Securities analyst Helene Becker. Becker said in a research note she sees room for further growth cuts if Spirit were to defer aircraft deliveries or return leased aircraft. She expects the management shakeup signals a more conservative growth strategy."

One of the positives of this place is the quick chance to upgrade. If this article is correct, they will slow down. We really need a TA with more competitive F/O scales to keep people from leaving.
Old 01-05-2016 | 02:15 PM
  #2597  
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Originally Posted by Judge Smails

Not surprised at all, I knew a merger would happen I am just hoping it happens after I upgrade.
Old 01-05-2016 | 03:00 PM
  #2598  
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Originally Posted by otter1
Here's one part that concerns me:

"Spirit has likewise been under fire for its 30%+ growth rate and its shares suffered during the year, resulting in a recent announcement that it would slow growth to the 20% region, according to Cowen Securities analyst Helene Becker. Becker said in a research note she sees room for further growth cuts if Spirit were to defer aircraft deliveries or return leased aircraft. She expects the management shakeup signals a more conservative growth strategy."

One of the positives of this place is the quick chance to upgrade. If this article is correct, they will slow down. We really need a TA with more competitive F/O scales to keep people from leaving.
2015 was inherently designed to be a big growth year. We went from 65 aircraft to 79 (still waiting on the neo's), that's a 22% jump in aircraft (larger overall capacity increase as lots of those were 321's). 2016 will slow just by the fact that we'll be growing from 79/80 aircraft to 93 (16% more aircraft). And the numbers diminish further the larger we get. Baldanza indicated in an interview that he was satisfied with our fleet plan and that there was a little room to adjust capacity without deferring aircraft deliveries (which he admitted is a tricky process). The key question is if Fornaro thinks the same thing.... By looking at the Street's reaction, they're anticipating aircraft deferrals....

Any significant aircraft delivery deferral will force me to apply elsewhere.
Old 01-05-2016 | 03:06 PM
  #2599  
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Glad I took the upgrade. I'm sure this recent news makes the decision easy for those guys who are on the fence about bypassing
Old 01-05-2016 | 03:06 PM
  #2600  
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Originally Posted by flyingpuma1
Not surprised at all, I knew a merger would happen I am just hoping it happens after I upgrade.
How close are you?
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