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Spirit of NKS, Part II

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Old 11-11-2015 | 10:36 AM
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It might turn out ok Guys. Big Momma Continental had 777 F/Os making $30/hr with no health insurance for a year. Sure they went on Food stamps but looooooooooooook at em now
Old 11-11-2015 | 10:54 AM
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Originally Posted by JoeyMeatballs
It might turn out ok Guys. Big Momma Continental had 777 F/Os making $30/hr with no health insurance for a year. Sure they went on Food stamps but looooooooooooook at em now
And Ol Sully was making $120 an hour as a CA when he went for a dip in the Hudson.

Periods of horrible pay isn't unique to Spirit Airlines. Those airlines improved, we will too.

Deep Breath
Old 11-11-2015 | 01:38 PM
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Originally Posted by Qotsaautopilot
Everyone knows that our first year FOs now make less than a republic first year FO, right?
We need to picket this outside of the next few job fairs.
Old 11-11-2015 | 02:31 PM
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Originally Posted by NK Bumble Bee
Guys! You can't honestly be comparing our 2010 contract rates (when Continental and USAir among others had similar rates) to the Republic contract that came out last week in the midst of a pilot shortage. If our TA comes out with a pathetic first year rate, okay it's game on, but this is not apples to apples...
One of the few times in pattern bargaining (non-BK contract) first year FO pay was actually decreased. It wasn't 38.50 before.

It might turn out ok Guys. Big Momma Continental had 777 F/Os making $30/hr with no health insurance for a year. Sure they went on Food stamps but looooooooooooook at em now
Yes, that was the similar response back in the original NKS thread. That, and "well, it's a 2.5 year upgrade and you're only one first year pay for 10 months because the first two are in training." True story, you can go look it up.
Old 11-11-2015 | 03:13 PM
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Continental actually had no health insurance for 6 months not a year. We still do 90days which is ridiculous.

And yes first year is actually lower than $38.50 because training pay is a complete slap in face to any professional. Which is why now that upgrade time has become an eternatity we are no longer attracting professionals. You simply just don't make much money in the right seat. The only hope was to upgrade fast and make legacy narrow body FO pay without the retirement. Moving forward we are going to attract some real gems and/or some good guys that will just rotate in and then out to a legacy. Very similar to early 2001 and you can see the peaches we got around that time frame. Obviously there are some exceptions.
Old 11-11-2015 | 03:34 PM
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So you're sayin' I got a chance to become something here at spirit if I just stay on and let those guys who can get hired on to the legacies leave? I'm thinking the future is rosy for guys like me.
Old 11-11-2015 | 03:50 PM
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Looks like the JetBlue MEC is working to help feed hungry families on Thanksgiving. Meanwhile, the Spirit MEC can't get a contract that allows our FO's to feed their families. Something is wrong with this picture.
Old 11-11-2015 | 05:40 PM
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Spirit: How to Invest with Warren Buffet


Spirit Airlines: "That was a tough one. Remember that last time when Ben Baldanza [CEO] was on, the stock was down 50 straight points. And yet here I am still telling you to be in Delta. And if not Delta, then SouthWest Air. They have better growth prospects."

Better growth prospects? Spirit is doubling in size over the next several years while gaining the attention of the big three. Seems like decent prospects to me? I'll never understand investing...
Old 11-11-2015 | 05:50 PM
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Originally Posted by Jamers
Spirit: How to Invest with Warren Buffet


Spirit Airlines: "That was a tough one. Remember that last time when Ben Baldanza [CEO] was on, the stock was down 50 straight points. And yet here I am still telling you to be in Delta. And if not Delta, then SouthWest Air. They have better growth prospects."

Better growth prospects? Spirit is doubling in size over the next several years while gaining the attention of the big three. Seems like decent prospects to me? I'll never understand investing...
Maybe just maybe the doubling in size in several years is the risk that gives investors pause.
Old 11-11-2015 | 06:01 PM
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Originally Posted by full of luv
Maybe just maybe the doubling in size in several years is the risk that gives investors pause.
And that's because they're using valuation metrics with the assumption of a similar business model to legacies. Problem is, we're the only publicly traded ULCC in the USA... Our closest competitor isn't publicly traded (yet....) and the next closest has costs that are darn close to a legacy. Apples to oranges...

And, there is a very valid argument that Spirit, or the ULCC market in the USA, could more than double again from Spirit's 145 aircraft by 2021 fleet plan.... 300 a/c in the U.S. would put the ULCC market on par with our European brethren....

Last edited by Tranquility; 11-11-2015 at 06:11 PM.
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