Attrition
01-06-2024, 02:26 PM
#3832
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,115
https://www.macroaxis.com/invest/bond/
AAL
Not saying NK is making a lot of money right now, just saying leasebacks for airliners are not at all uncommon.
01-06-2024, 04:15 PM
#3833
That/It/Thang
Joined APC: Aug 2020
Posts: 2,913
They restructured one debt repayment maturity to a future date but the bank required Spirit to raise their minimum liquid cash on hand that would trigger repayment at that time. So even though NK has a billion in cash, it’s really closer to $400m because they banks can require debt payback once they dip into the $500m mark.
Factor in known losses for the next two quarters…doesn’t take a rocket scientist to see what happens if this deal falls apart
Speaking of which, aren’t you supposed to be running for the hills as of last month?
01-06-2024, 07:04 PM
#3834
Gets Weekends Off
Joined APC: Dec 2022
Posts: 859
They are doing the household equivalent of taking cash advances on credit cards, and using that money to make the minimum payments on older credit card cash advances they took out.
They restructured one debt repayment maturity to a future date but the bank required Spirit to raise their minimum liquid cash on hand that would trigger repayment at that time. So even though NK has a billion in cash, it’s really closer to $400m because they banks can require debt payback once they dip into the $500m mark.
Factor in known losses for the next two quarters…doesn’t take a rocket scientist to see what happens if this deal falls apart
Speaking of which, aren’t you supposed to be running for the hills as of last month?
They restructured one debt repayment maturity to a future date but the bank required Spirit to raise their minimum liquid cash on hand that would trigger repayment at that time. So even though NK has a billion in cash, it’s really closer to $400m because they banks can require debt payback once they dip into the $500m mark.
Factor in known losses for the next two quarters…doesn’t take a rocket scientist to see what happens if this deal falls apart
Speaking of which, aren’t you supposed to be running for the hills as of last month?
01-08-2024, 08:40 AM
#3835
Gets Weekends Off
Joined APC: Sep 2014
Posts: 503
They are doing the household equivalent of taking cash advances on credit cards, and using that money to make the minimum payments on older credit card cash advances they took out.
They restructured one debt repayment maturity to a future date but the bank required Spirit to raise their minimum liquid cash on hand that would trigger repayment at that time. So even though NK has a billion in cash, it’s really closer to $400m because they banks can require debt payback once they dip into the $500m mark.
Factor in known losses for the next two quarters…doesn’t take a rocket scientist to see what happens if this deal falls apart
Speaking of which, aren’t you supposed to be running for the hills as of last month?
They restructured one debt repayment maturity to a future date but the bank required Spirit to raise their minimum liquid cash on hand that would trigger repayment at that time. So even though NK has a billion in cash, it’s really closer to $400m because they banks can require debt payback once they dip into the $500m mark.
Factor in known losses for the next two quarters…doesn’t take a rocket scientist to see what happens if this deal falls apart
Speaking of which, aren’t you supposed to be running for the hills as of last month?
L O L
filler
01-13-2024, 11:20 AM
#3836
Gets Weekends Off
Joined APC: Oct 2017
Posts: 3,230
Does anybody else find it odd that we are hiring more line check airman, even though we’re at a hiring freeze? Are we preparing to ramp up again?
I know a lot of the major airlines have cooled their hiring so that should slow some of our attrition.
JetStar Airways is hiring like crazy right now so maybe we might lose some of our Aussie pilots that might go back home.
I know a lot of the major airlines have cooled their hiring so that should slow some of our attrition.
JetStar Airways is hiring like crazy right now so maybe we might lose some of our Aussie pilots that might go back home.
01-13-2024, 01:48 PM
#3837
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,351
Does anybody else find it odd that we are hiring more line check airman, even though we’re at a hiring freeze? Are we preparing to ramp up again?
I know a lot of the major airlines have cooled their hiring so that should slow some of our attrition.
JetStar Airways is hiring like crazy right now so maybe we might lose some of our Aussie pilots that might go back home.
I know a lot of the major airlines have cooled their hiring so that should slow some of our attrition.
JetStar Airways is hiring like crazy right now so maybe we might lose some of our Aussie pilots that might go back home.
01-13-2024, 02:38 PM
#3838
Gets Weekends Off
Joined APC: Mar 2017
Position: Student of the game
Posts: 1,026
01-13-2024, 03:06 PM
#3839
Gets Weekends Off
Joined APC: Jan 2023
Posts: 184
Will they? From what I’ve heard the conditions and pay at Jetstar are worse than the regionals here, and I believe their taxes are higher. Unless they’re moving back for families/friends; which would make sense..
01-13-2024, 03:25 PM
#3840
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,548
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