Search

Notices

Spirit Airlines Ch.11

Thread Tools
 
Search this Thread
 
Old 08-01-2024, 05:40 PM
  #201  
That/It/Thang
 
Joined APC: Aug 2020
Posts: 2,909
Default

Originally Posted by Chimpy
everyone see the investor update this morning? -30% margin for Q3???

https://s24.q4cdn.com/507316502/file...e-08-01-24.pdf
Yes. And remember, Q3 isnt even the slow quarter.

Incredible that we will lose close to $500m Q2/Q3 and managements big plan is blocking a middle seat (which they laughably said today will cause a decrease in RASM) and giving Wi-Fi free for up to up to 8 people on the plane.

CincoDeMayo is offline  
Old 08-01-2024, 06:39 PM
  #202  
Gets Weekends Off
 
JulesWinfield's Avatar
 
Joined APC: Jan 2018
Posts: 2,335
Default

Originally Posted by CincoDeMayo
Yes. And remember, Q3 isnt even the slow quarter.

Incredible that we will lose close to $500m Q2/Q3 and managements big plan is blocking a middle seat (which they laughably said today will cause a decrease in RASM) and giving Wi-Fi free for up to up to 8 people on the plane.
Those bonuses they just got are really paying off in spades. Awesome that they cram as many seats as they can in the airplane, only to keep them empty.
JulesWinfield is offline  
Old 08-01-2024, 10:02 PM
  #203  
Gets Weekends Off
 
Joined APC: Jul 2023
Posts: 337
Default

Originally Posted by JulesWinfield
Those bonuses they just got are really paying off in spades. Awesome that they cram as many seats as they can in the airplane, only to keep them empty.
Well, that’s it; I’m tripling up. Orange, red, blue lanyards donned. Heck, my granddy’s gold chain comming out too. If this company is tested any further, grandmas diamond on a pinky raaannggg.
CatPilot1 is offline  
Old 08-02-2024, 10:53 AM
  #204  
Gets Weekends Off
 
Joined APC: Feb 2008
Posts: 19,595
Default

Originally Posted by JulesWinfield
Those bonuses they just got are really paying off in spades. Awesome that they cram as many seats as they can in the airplane, only to keep them empty.
When times are good you need to pay bonus because things are good! When times are bad you need to pay bonuses to retain the talent because they might leave! Ignore the fact they brought you to the bad times!
sailingfun is offline  
Old 08-03-2024, 06:08 AM
  #205  
Gets Weekends Off
 
afterburn81's Avatar
 
Joined APC: Apr 2007
Position: A320
Posts: 1,316
Default

Originally Posted by CincoDeMayo
Yes. And remember, Q3 isnt even the slow quarter.

Incredible that we will lose close to $500m Q2/Q3 and managements big plan is blocking a middle seat (which they laughably said today will cause a decrease in RASM) and giving Wi-Fi free for up to up to 8 people on the plane.

Why am I the only one that sees this as genius?

3 seats in a row. Charge $50 per seat (which is capped because the seat configuration is uncomfortable and undesirable). That’s $150 per row.

2 seats in a row. Charge $90 per seat ( far more desirable especially on transcons). Now seeing $180 per row, better experience for customers, less overall a/c weight, can climb higher earlier and burn less fuel.

Sure, less potential for ancillary stuff. But we all see the decline in that anyways.

The only draw back to this is going to possibly be harder to non rev.

I haven’t heard much on the details as to how it would all work. But assuming, we the pilots know more than the guys running the show, is kinda lame. Sort of like a non pilot senior management type telling you that you’re flying the airplane wrong. One of the great things about NK. They let you do your job.
afterburn81 is offline  
Old 08-03-2024, 06:32 AM
  #206  
That/It/Thang
 
Joined APC: Aug 2020
Posts: 2,909
Default

Originally Posted by afterburn81
Why am I the only one that sees this as genius?

3 seats in a row. Charge $50 per seat (which is capped because the seat configuration is uncomfortable and undesirable). That’s $150 per row.

2 seats in a row. Charge $90 per seat ( far more desirable especially on transcons). Now seeing $180 per row, better experience for customers, less overall a/c weight, can climb higher earlier and burn less fuel.

Sure, less potential for ancillary stuff. But we all see the decline in that anyways.

The only draw back to this is going to possibly be harder to non rev.

I haven’t heard much on the details as to how it would all work. But assuming, we the pilots know more than the guys running the show, is kinda lame. Sort of like a non pilot senior management type telling you that you’re flying the airplane wrong. One of the great things about NK. They let you do your job.
I guess you missed the point

$30 more net per row, 3 rows blocked per flight, means $90 max per flight. The company is losing over $3m a day in Q3. If you are excited about $90 more per flight, that’s great, but losing over $3m a day will need more than this.
CincoDeMayo is offline  
Old 08-03-2024, 06:37 AM
  #207  
Gets Weekends Off
 
Chimpy's Avatar
 
Joined APC: Nov 2015
Posts: 1,520
Default

Originally Posted by CincoDeMayo
I guess you missed the point

$30 more net per row, 3 rows blocked per flight, means $90 max per flight. The company is losing over $3m a day in Q3. If you are excited about $90 more per flight, that’s great, but losing over $3m a day will need more than this.
Probably ask for concessions or wait for a BK Judge to adjust the cost of labor, lol
Chimpy is offline  
Old 08-03-2024, 06:58 AM
  #208  
Gets Weekends Off
 
Joined APC: Mar 2023
Posts: 337
Default

In the earnings call they said to give ‘em time before these new policies have an effect on earnings. With all the debt due and losing almost 200mil a quarter, how much time do they really have to convince travelers spirit isn’t ULCC anymore? If you’re one of these people that need a better product instead of just a cheap seat, you’re still going with the legacy’s
bluespoon is offline  
Old 08-03-2024, 07:44 AM
  #209  
Gets Weekends Off
 
DrSteveBrule's Avatar
 
Joined APC: Dec 2019
Position: A320 For Your Health
Posts: 327
Default

Reducing the available amounts of seats per flight will drive fares higher at all other seats, once supply gets back inline with demand.
DrSteveBrule is offline  
Old 08-03-2024, 10:20 AM
  #210  
That/It/Thang
 
Joined APC: Aug 2020
Posts: 2,909
Default

Originally Posted by bluespoon
In the earnings call they said to give ‘em time before these new policies have an effect on earnings. With all the debt due and losing almost 200mil a quarter, how much time do they really have to convince travelers spirit isn’t ULCC anymore? If you’re one of these people that need a better product instead of just a cheap seat, you’re still going with the legacy’s
Breezy Boyz making the rounds I see
CincoDeMayo is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
OutsourceNoMo
American
52
09-24-2023 10:35 AM
AirBear
Major
0
04-14-2020 03:25 PM
Sailor
Spirit
14117
10-09-2015 07:55 AM
bgmann
Regional
31
11-19-2011 07:33 PM
taylorjets
Major
2
03-19-2008 05:09 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices