Back in the black…
10-27-2022, 11:54 AM
#11
Gets Weekends Off
Joined APC: Dec 2018
Posts: 465
Why go to either airline? Almost every regional is paying more now. Might as well hang out there until a legacy calls.
10-27-2022, 11:57 AM
#12
Gets Weekends Off
Joined APC: Dec 2018
Posts: 465
10-27-2022, 12:06 PM
#13
Gets Weekends Off
Joined APC: Dec 2005
Position: A320 CA
Posts: 588
dont knock the 190 till ya have flown it…..much nicer plane to fly than the bus….
10-27-2022, 12:15 PM
#14
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 12,203
10-27-2022, 02:47 PM
#15
Gets Weekends Off
Joined APC: May 2019
Posts: 988
10-27-2022, 03:26 PM
#16
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 12,203
Regionals are starting to fall apart due to CA loss. A recession might save them - maybe - but B6 pay and bennies trump regional FO pay, and there are plenty of regional FOs stuck on reserve and barely getting block right now due to the CA shortage. Another type and more flying hours will get them to their legacy faster than 25-30 a month reserve.
10-27-2022, 04:25 PM
#17
Gets Weekends Off
Joined APC: Dec 2018
Posts: 465
Regionals are starting to fall apart due to CA loss. A recession might save them - maybe - but B6 pay and bennies trump regional FO pay, and there are plenty of regional FOs stuck on reserve and barely getting block right now due to the CA shortage. Another type and more flying hours will get them to their legacy faster than 25-30 a month reserve.
10-28-2022, 06:35 AM
#18
Gets Weekends Off
Joined APC: Jan 2018
Posts: 2,361
Looking at the 10-Q, we had record revenue and barely made a profit of 3.6m, after applying some funny money adjustments and write offs. The operation still lost money.
Bang up job by the beard and the boys. They deserve a big bonus.
Aircraft utilization in the third quarter 2022 was 10.6 hours, down 15.2 percent compared to the 12.5 hours in the same period of 2019. Continued constraint on flights to and from Florida and staffing challenges are the primary limitations on Spirit's ability to optimize its network and operate its fleet at full utilization.
“The constraints limiting our ability to optimize our network continue to be a headwind to reaching full utilization; that said, our team is doing a great job running a reliable, on-time operation and minimizing the impacts of these constraints. Despite the large number of aircraft deliveries over the next few months, we remain confident we will continue to see gradual improvement in fleet utilization in the fourth quarter and throughout the first half of next year, reaching full utilization around mid-summer 2023," said Scott Haralson, Spirit's Chief Financial Officer.
“The constraints limiting our ability to optimize our network continue to be a headwind to reaching full utilization; that said, our team is doing a great job running a reliable, on-time operation and minimizing the impacts of these constraints. Despite the large number of aircraft deliveries over the next few months, we remain confident we will continue to see gradual improvement in fleet utilization in the fourth quarter and throughout the first half of next year, reaching full utilization around mid-summer 2023," said Scott Haralson, Spirit's Chief Financial Officer.
10-28-2022, 07:32 AM
#19
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,565
To be fair, most of the airlines are reporting record revenue, however a large chunk of that is merely offsetting fuel…. For us, I would hope we would have record revenue as we are larger now than we were last year, and the year before that, and the year before that, etc….
10-28-2022, 08:06 AM
#20
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 12,203
To be fair, most of the airlines are reporting record revenue, however a large chunk of that is merely offsetting fuel…. For us, I would hope we would have record revenue as we are larger now than we were last year, and the year before that, and the year before that, etc….
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